Arinze Francis Ngerem
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USDT DOMINANCE(USDT.D)
USDT dominance (USDT.D) is a metric that measures the percentage of the total cryptocurrency market cap that is held in Tether (USDT). It's a key indicator of market sentiment and potential price movements.
Here's what USDT dominance can indicate:
Investors moving fundsA decline in USDT dominance may indicate that investors are moving funds out of stablecoins and into other cryptocurrencies. This could indicate a bullish sentiment for other cryptocurrencies. Investors moving into USDTIf USDT.D breaks above the horizontal supply zone and the 200MA resistance, it could signal a more cautious market sentiment. Investors might be moving into USDT as a safe haven. Potential for further price increasesA significant buying pressure could indicate that there is potential for further price increases.
USDT is a stablecoin, which is a blockchain-based currency that is pegged to the value of a fiat currency. USDT's issuer claims that USDT is backed by bank reserves and loans.
#USDT.D
Here's what USDT dominance can indicate:
Investors moving fundsA decline in USDT dominance may indicate that investors are moving funds out of stablecoins and into other cryptocurrencies. This could indicate a bullish sentiment for other cryptocurrencies. Investors moving into USDTIf USDT.D breaks above the horizontal supply zone and the 200MA resistance, it could signal a more cautious market sentiment. Investors might be moving into USDT as a safe haven. Potential for further price increasesA significant buying pressure could indicate that there is potential for further price increases.
USDT is a stablecoin, which is a blockchain-based currency that is pegged to the value of a fiat currency. USDT's issuer claims that USDT is backed by bank reserves and loans.
#USDT.D
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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