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farahmeh
Apr 12, 2024 7:46 AM

USDT.D Can can bounce from this area Long

Market Cap USDT Dominance, %CRYPTOCAP

Description

After breaking the bottom of the weekly channel, Dominance Tether has correction equal the mid-line size ofprevious channel, the current collision zone was an important support zone in the past and was able to cause a strong growth of Dominance. Considering that the weekly candle body has not been closed in this area for the past few weeks. It still seems that this area can be a good support for Dominance and cause Dominance to jump up to retest the bottom of the broken channel.
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