USDT.DOMINANCE CHART UPDATE !!
USDT dominance chart on the 4H time frame is trading within a rising channel. Currently, it is approaching the upper resistance of this channel near 4.8%.
If USDT dominance continues to rise, it could signal an increase in risk-off sentiment in the crypto market, as traders may move funds into stablecoins. Rejection from the upper trendline could lead to a pullback towards the mid-range (around 4.2%) or even the lower trendline near 3.8%, which would be more bullish for altcoins and Bitcoin.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
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DYOR. NFA
If USDT dominance continues to rise, it could signal an increase in risk-off sentiment in the crypto market, as traders may move funds into stablecoins. Rejection from the upper trendline could lead to a pullback towards the mid-range (around 4.2%) or even the lower trendline near 3.8%, which would be more bullish for altcoins and Bitcoin.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.