# USDT Dominance Analysis
USDT Dominance is currently consolidating within an ascending broadening wedge pattern, maintaining its position above the support trendline.
The 200-day moving average is acting as resistance, while the 100-day moving average is providing support. A breakout above the 200-day moving average could indicate further upward movement, whereas a breakdown below both the pattern and the 100-day moving average may lead to a downward trend.
Considering USDT Dominance's inverse correlation with the broader crypto market, a decline in USDT Dominance may suggest increasing bullish momentum across the crypto space.