The altcoin market is poised for a major breakout as it navigates support levels near $175 billion. Recent technical analysis suggests that the market is forming a ‘triple bottom’ structure, with each pullback testing the level and ultimately rebounding. This indicates a robust foundation for further growth. Analysts are particularly excited by the confluence of EMA support and a wedge breakout, which confirms bullish continuation. The TOTAL3 index has experienced substantial growth, doubling from its 2023 low to reach $800 billion. This surge is being attributed to strong buying activity in DeFi applications. 2 analysts, Merlijn The Trader and Alex Clay, are closely tracking the market structure, with both highlighting potential for significant price gains.