>>126066529
Short answer: No, the culture is cannibalizing itself and everything has become splintered. There aren't wide-spread collective moments or subcultures to really bring it all together anymore.

Long Answer: The thirty year cycle is the closest thing you're going to get to a cohesive, satisfying and collective moment without having an outright subculture, that's why all the electronic groups are ripping off '80s synthpop, indie bands are ripping off Shoegaze, why they all have a "lo-fi" sound, or all three of those things at once.
The only real movement I've seen in the past couple of years was the British post-punk movement, while the others are sporadic and individualistic like bringing back "90s alt rock", or genres like techno, and trance, you'll have a song like "Beaches" by Beabadoobee, or that album Choke Enough by Oklu, but nothing collective that brings it all together in an actual collective musical movement.
I've not yet seen a Grunge revival though. Which is odd.

Everything popular, indie, and in-between is determined by artificial online algorithms, rather than organic congregations of people. This is why things will become popular and spring up out of nowhere, especially if you're not in that online community. Cause and effect. You've seen the effect of an album like BRAT, but you wouldn't know or have seen the cause of it unless you were in that online-sphere at that time.
This is also why Plastic Love became popular out of nowhere. It just happens because the algorithm determined it so.

Essentially you're stuck with a lot of different bands and people doing different genres on their own whim without adhering to a movement, a subculture, or the thirty year cycle.
So now you'll have one guy releasing a '70s inspired funk album, a 1950s revival doo-wop vocal group releasing an album, a British post-punk group releasing an album, etc.

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I miss 2010's indie like you wouldn't fucking believe. Music was exciting and I was full of hope