Although the market recovery in February remains fragile, it has revealed several notable signals. These signs have led analysts to expect that an altcoin season could emerge in March. However, investor sentiment remains cautious, with capital still favoring Bitcoin over altcoins, which could hinder a broader recovery. Hope Returns to the Altcoin Market in March Data from CryptoQuant shows that only about 5% of altcoins listed on Binance are trading above their 200-day simple moving average (200-day SMA)
source: https://beincrypto.com/altcoin-season-break-out-in-march/