📊#USDT DOMINANCE ANALYSIS (1D):
On the daily timeframe, a bearish pattern has formed on the USDT dominance chart — an inverted flag, while the price is currently being held at the lower boundary of the ascending parallel channel and is in the Ichimoku cloud, indicating the current phase of a flat.
🔍 The key level based on volume profiles — 4.83%.
A breakdown below this level may trigger the pattern and cause dominance to drop to 4%, which would be a clear bullish signal for the cryptocurrency market as a whole (possible growth of #BTC , #ETH , and altcoins).
❗ However, if the formation is broken and the price remains in the channel, an increase in dominance to:
— 4.96%
— 5.25% (top of the channel)
Such a scenario would lead to pressure on the cryptocurrency market and a decrease in asset values.
📌 At this moment, the probability of a bearish scenario for USDT.D prevails, which may support the growth of cryptocurrencies in the short term.
✅ Recommendation: carefully monitor the price behavior at the level of 4.83%. A breakdown below will be a strong trigger for a phase change in the cryptocurrency market. $SOL $XRP $ETH