Heare are some tips to help you identify an #altsesaon
Indicators 🚥
Bitcoin Dominance 🪙
A decline in #bitcoin 's dominance typically precedes an altcoin season. Recent data shows Bitcoin dominance has decreased to around 59.57%, which might indicate an incoming shift towards altcoins.
Altseason Index ℹ️
Currently at 32, this suggests we are still in a Bitcoin-dominated phase, but a rise above 50 could signal stronger altcoin performance.
Technical Indicators
RSI and Divergences: It is noticeable that specific altcoins like BONK and others with bullish divergences, suggesting potential price rises, while others like MKR show bearish signs.
On-chain Data 📊
Projects with increasing on-chain activity, like $ETH with rising ETF inflows, indicate growing user engagement and potential for price appreciation.
This is taken from my main article I posted earlier. So if you want a deeper dive look into my profile and check it.
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