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Cryptorphic
Jan 6, 2024 6:39 AM

#USDTether Your Altcoins are Dumping? What to do? 

Market Cap USDT Dominance, %CRYPTOCAP

Description


Let's analyze:

Dominance Update: Even though Altcoins aren't reacting as expected while BTC remains relatively stable, Tether (USDT) is in a tricky spot.

The uncertain situation, often called the "grey area," is holding things together for now to some extent. If the dominance goes above 6%, it could signal a trend reversal.
Keep a close eye on this chart – it's like your crystal ball for market insights.

For the current trend to continue, we need a rejection at this level.
Breaking through won't be easy, but it's possible.
Stay alert for signs that support or challenge this analysis.
DYOR, NFA

#BitcoinETFs #Bitcoin

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#PEACE
Comments
SHAlavi

Thanks for sharing your good analysis 💐🙏🏻
USDT.D if Failed of weekly Gann Arc resistance and will move downward and market will explode upward .
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