#USDT DOMINANCE ANALYSIS
$USDT Dominance has broken down from the descending triangle pattern with significant volume, signaling a clear bearish breakout. The Ichimoku Cloud is reinforcing this move by acting as a dynamic resistance, highlighting strong downside momentum.
This breakdown suggests the potential for a continued decline in dominance, which may support bullish sentiment across the broader crypto market.
Given USDT Dominance’s inverse correlation with the broader crypto market, a decline here may indicate strengthening bullish momentum across the crypto space.