#USDT DOMINANCE ANALYSIS
USDT Dominance is consolidating within a descending triangle pattern and is currently facing rejection from the resistance trendline. The price is also trading within the Ichimoku Cloud, indicating indecision.
A breakdown below the cloud could trigger further downside, while a breakout above the pattern with strong volume would suggest a potential upward move. Keep a close eye on the upcoming price action.
Given its inverse correlation with the broader cryptocurrency market, a decline in USDT Dominance could indicate growing bullish momentum across the crypto space.
