$USDT Dominance is facing rejection from the descending triangle's resistance and attempting to break the horizontal demand zone.
The 21MA and Ichimoku Cloud are acting as resistance, showing #bearish momentum breakdown may lead to further downside, though a rebound is also possible.
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#USDT DOMINANCE ANALYSIS
$USDT Dominance is facing rejection from the descending triangle's resistance and attempting to break the horizontal demand zone.
The 21MA and Ichimoku Cloud are acting as resistance, showing #bearish momentum breakdown may lead to further downside, though a rebound is also possible.
Given $USDT Dominance’s inverse correlation with the broader #crypto market, a decline here may indicate strengthening bullish momentum across the #crypto space