According to the RSI the total 3 market that excludes BTC and ETH seems to has bottomed above it's rising trend line and is showing a hidden bullish divergence.
Does this mean a massive altcoin season is coming ? Possibly. I'll explain why.
This market cap includes stable coins . So it includes stable coin growth as well.
I think it needs to be followed and see where it progresses before we can make a proper assessment of it.