Why an altcoin season is closer than you think - AMBCrypto Analytics

Altcoins may have taken a short pause, but the potential for an altcoin season remains intact. After recent rallies, top altcoins like ETH, $BNB , and $SOL have seen price corrections of 2.5%, 3.5%, and 4%, respectively. Even memecoins like $DOGE faced declines, with DOGE dropping by over 5%. BTC also showed signs of a correction, with its MVRV ratio reaching historic levels, often followed by price drops.

However, this could present an opportunity for investors to buy at lower prices. Crypto analyst Moustache highlighted an intriguing pattern, noting that the altcoin market cap chart is mirroring trends from 2016 and 2020, which were followed by sharp rallies in altcoins. The altcoin season index, now at 71, remains close to the critical 75 threshold, suggesting that a potential altcoin season could emerge in the coming weeks or months. History may soon repeat itself, providing a window for significant gains.