USDT DOMINANCE ANALYSIS
USDT Dominance is consolidating within a descending triangle pattern and is currently facing rejection at the resistance trendline. Both the Ichimoku Cloud and the 100MA are acting as strong resistance barriers, reinforcing bearish momentum.
A decisive breakout above the resistance could signal a trend reversal, while a breakdown below the support may lead to further downside. It’s crucial to monitor price action closely to confirm the next directional move.
Given its inverse correlation with the broader cryptocurrency market, a breakdown in USDT Dominance could signal bullish momentum across cryptocurrencies.
