Analysts, including Raoul Pal and Tom Lee, predict that the anticipated altcoin season may be postponed until 2026, citing an extended cryptocurrency cycle. Pal attributes the delay to weak ISM data and liquidity issues, while Lee highlights potential shifts in Federal Reserve policies as crucial factors. Current market indicators, such as the Altcoin Season Index, which stands at 37, suggest that altcoins are not yet outperforming. Ash Crypto notes that many altcoins are hovering near 2020 support levels, indicating a possible rebound in 2026 if historical patterns hold.