Despite improving signals, analysts note that a full altcoin cycle has not yet been confirmed. Key conditions still missing include stronger economic expansion (ISM above 55), broader liquidity growth, and a sustained decline in Bitcoin dominance.

Additionally, many altcoins remain near historic lows, with over 40% trading close to all-time lows — a higher proportion than seen in previous bear markets. Technical patterns, such as a multi-year cup-and-handle formation, suggest potential upside, but the market remains sensitive to macro factors and geopolitical developments.