Crypto traders believe that several altcoins are exhibiting bullish patterns, hinting at a potential 'up-only season' in the market. An analyst noted a positive inverse head-and-shoulders pattern on the Altcoin Season Index chart, indicating a shift towards altcoin outperformance. Despite the index standing at 39, below the 75% threshold for an altcoin season declaration, indicators like the stochastic RSI suggest a forthcoming rally in altcoins. The recovery in altcoins, reflected in TOTAL3 market cap excluding BTC and ETH, has seen a notable uptick. While profit-taking occurred due to overbought conditions, altcoins are still following an upward trend. If TOTAL3 maintains above key resistance levels, it could signal the start of a significant altseason. It's important to note that this analysis does not offer investment advice, and readers are advised to conduct their own research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news