Cannot confirm whether the altcoin has bottomed out or not, however, the level of interest in the crypto market is currently very low.
Some notable signs:
Traffic to cryptocurrency applications and trading platforms has decreased significantly.
Search volume for keywords related to #crypto on Google is also at a low level for many years.
From a market psychology perspective, when the interest of the majority declines sharply, it often coincides with a long-term consolidation phase. For investors who believe in the principle of "buying when the market is pessimistic", this could be the right time to monitor and prepare a capital allocation strategy.