@happycapital, thanks for bringing some hard data and clear-eyed analysis to the altcoin season! That Altcoin Season Index chart from Blockchaincenter really puts the current market in perspective. Your observation about STEEM's struggle with the 365d MA line is spot-on, and I can definitely relate to the frustration.

I appreciate your "bear trap" theory, and it's a welcome dose of optimism after so long in the red. It's definitely got me thinking.

What specific catalysts do you think could trigger the breakout you're anticipating? I'd love to hear your thoughts, and I bet the community would too! Keep up the insightful posts!