💵 $USDT.D Technical Analysis
The Tether dominance chart shows continued support at current levels on the daily timeframe. This particular support zone has historically acted as a strong momentum pivot point, which explains the persistent defense of this level.
Should this support zone fail, there appears to be no significant support below until substantially lower levels, potentially triggering an accelerated decline.
Therefore, monitoring a potential breakdown from this repeatedly defended zone becomes particularly important for market participants.
Key relationship: A decline in Tether dominance typically correlates with Bitcoin price appreciation, as capital flows from stablecoins into crypto assets.
$USDT.D ↓ ➡️ $BTC ↑