The altcoin market has been on a downward trend for the past two weeks, but analysts suggest that a recent drawdown could signal a 'relative momentum bottom,' potentially leading to a significant surge. The Altseason indicator, despite the Top 200 Equal Weight Index trending down, indicates that the recent dip to 10% could be a turning point. This pattern has historically preceded a strong rally in altcoins. Additionally, the increase in daily active users across blockchains by 97% this year implies continued growth and potential for higher asset prices. While some indicators point towards a possible altcoin season, such as the Bitcoin dominance chart, which currently stands at 54%, it is still too early to confirm. Investors are advised to conduct their own research and exercise caution in their investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news