USDT Dominance Breakdown Ahead?
Updated
USDT Dominance (USDT.D) has formed a bearish inverted cup and handle pattern, pointing to a big move soon!
The weekly chart of USDT dominance shows a clear bearish inverted cup and handle pattern, with a significant breakdown below the neckline. The projected target suggests a potential 60% decline, which could take the dominance to the 1.6-2% range.
This might indicate a shift in market dynamics, with capital rotating from stablecoins into altcoins or Bitcoin. A key moment to watch for crypto traders.
What’s your take on this? Could this spark an altcoin rally?
The weekly chart of USDT dominance shows a clear bearish inverted cup and handle pattern, with a significant breakdown below the neckline. The projected target suggests a potential 60% decline, which could take the dominance to the 1.6-2% range.
This might indicate a shift in market dynamics, with capital rotating from stablecoins into altcoins or Bitcoin. A key moment to watch for crypto traders.
What’s your take on this? Could this spark an altcoin rally?
Trade active
Currently, #Dominance is facing this horizontal resistance. In my opinion, we may see a rejection here. However, in the worst case, if Dominance breaks this resistance, we could see a bounce toward the blue resistance level.
Stay tuned and follow me for more updates.
DYOR, NFA
#Crypto
Trade closed: target reached
USDT #Dominance is below the descending trendline, with the 200 MA also serving as a strong resistance level.
A rejection is expected, but if these resistance levels are broken, it could signal a significant shift for #Altcoins
Stay tuned and follow for more updates.
#Crypto
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