USDT Dominance (USDT.D) Update.
USDT Dominance has been trading in a clear descending channel for months, indicating a long-term bearish trend.
Price is currently testing the upper boundary of the channel, which has acted as strong resistance in previous attempts.
Around 4.40%, there is significant resistance formed by the descending channel's upper trendline.
A rejection here could lead to a continuation of the bearish momentum.
Immediate support lies near 4.00%, aligning with the midpoint of the channel.
If dominance continues to decline, the next major support zone is at 3.60%, with further downside potential to 3.20% and 2.80% if the bearish structure persists.
The green dashed lines suggest potential bearish movements if resistance holds, leading to a continuation toward the lower channel boundary.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
Price is currently testing the upper boundary of the channel, which has acted as strong resistance in previous attempts.
Around 4.40%, there is significant resistance formed by the descending channel's upper trendline.
A rejection here could lead to a continuation of the bearish momentum.
Immediate support lies near 4.00%, aligning with the midpoint of the channel.
If dominance continues to decline, the next major support zone is at 3.60%, with further downside potential to 3.20% and 2.80% if the bearish structure persists.
The green dashed lines suggest potential bearish movements if resistance holds, leading to a continuation toward the lower channel boundary.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
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