USDT Dominance Chart Update.
USDT dominance is again rejecting at the long-term trendline resistance (point 4), currently around 5.17%.
Structure suggests another potential move lower, with possible targets in the green zone (2.0%–3.0%) if the downtrend continues.
This scenario typically favors fresh capital rotation into Bitcoin and altcoins as traders de-risk from stablecoins.
Summary:
USDT dominance remains weak below the trendline. A sustained drop could spark further altcoin momentum and a broader crypto rally.
USDT dominance is again rejecting at the long-term trendline resistance (point 4), currently around 5.17%.
Structure suggests another potential move lower, with possible targets in the green zone (2.0%–3.0%) if the downtrend continues.
This scenario typically favors fresh capital rotation into Bitcoin and altcoins as traders de-risk from stablecoins.
Summary:
USDT dominance remains weak below the trendline. A sustained drop could spark further altcoin momentum and a broader crypto rally.
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Related publications
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.