The altcoin market experienced a notable rebound, mirroring long-term trendline support dating back to mid-2023. Technical indicators suggest a shift in momentum with the weekly RSI breaking out of a falling wedge pattern, indicating a bullish reversal after weeks of compression. 8 Key Takeaways: 1) The total market cap has consistently held above $700 billion since 2023, demonstrating resilience against volatility. 2) This rebound aligns with established trendline behavior and bounces off crucial support levels, highlighting a strong upward bias in the long-term. 3) Weekly price action shows consistent higher lows, solidifying bullish market structure, as reflected by the RSI’s breakout and the absence of major downturns. 4) The market cap briefly dipped below $700 billion in April 2025 before a swift recovery. 5) Similar to previous rebounds, this correction respected the trendline, reinforcing long-term strength. 6) This period saw the RSI drop from above 70 in late 2024 to near 40 in April 2025, showcasing the compression and subsequent break out. 7) The price action has maintained a clear series of ascending troughs over the past two years. 8) Historical analysis by Moustache shows similar RSI patterns during prior trendline contact, suggesting a strong correlation with market behavior.