Altcoin Momentum Gains Steam as Metrics Indicate Possible Season

The cryptocurrency market is showing signs of a possible altcoin season, with multiple indicators pointing to increasing momentum. The 90-day AltSeason Index, which measures the number of top cryptocurrencies outperforming Bitcoin over the past 90 days, has climbed to 28.6. This is its highest reading in months and suggests that some altcoins are recovering from their lows.

Another key metric is the trading volume on centralized exchanges, which has been rising steadily in recent weeks. According to CryptoOnchain, the 30-day moving average for altcoin volume has crossed above the 365-day moving average, a pattern historically linked to capital rotating from large-cap coins into smaller ones.

Despite these positive signs, analysts are cautioning against calling it a full-blown altseason just yet. Bitcoin dominance remains near its highest level since November 2025, indicating that the macro trend still favors Bitcoin over altcoins. Additionally, the AltSeason Index has not yet reached the standard threshold of 75% for a confirmed altseason.