Market Shift Incoming! USDT Dominance Nears Critical Turning Poi
The USDT Dominance (USDT.D) chart is currently testing a strong resistance zone, where price action is showing signs of exhaustion. A bearish RSI divergence has formed, indicating potential weakness and a possible correction. The rising support line has provided multiple bounces, but a breakdown from this structure could trigger a larger downside move.
If USDT dominance falls, liquidity will likely shift into altcoins, potentially fueling a bullish rally in the altcoin market. Conversely, if USDT dominance continues to rise, it could signal increased market fear, leading to further weakness in altcoins.
If USDT dominance falls, liquidity will likely shift into altcoins, potentially fueling a bullish rally in the altcoin market. Conversely, if USDT dominance continues to rise, it could signal increased market fear, leading to further weakness in altcoins.
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The stronger the rejection in USDT.D, the more likely altcoins will soar. Stay tuned for high-potential opportunities and smart trade setups!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.