The surge in altcoins has led many traders to forecast the dawn of a new altcoin season. According to "The Moon" a pseudonymous Twitter analyst, altcoin seasons follow a major run-up in the price of BTC, especially when the price stalls or pulls back.
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I think Alt coins rally is in the making but not started yet, it will start when BTC price is stable above 50K and Bitcoin Dominance comes down to 41% the Rally will start in full swing and Alt coins holders will havest huge reward of their holdings. Some coins are showing good performance like ADA, BNB, DOT, LINK and many mores but they are still below their previous ATH.