This suggests potential weakness ahead, which could lead to a drop in USDT dominance. If that happens, it typically correlates with a bullish phase for altcoins, as traders rotate capital from stablecoins into riskier assets.
A breakdown below the rising support line could confirm a reversal, leading to further downside in USDT dominance. This scenario would likely trigger increased buying pressure in the altcoin market.
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.
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.
