USDT dominance is currently sitting at daily support, aligning with both the 1D S/R zone and the 200 EMA — a key confluence level.
📉 A local bounce or consolidation is likely from here.
🔺 Major resistance stands at the 5.6% zone (highlighted red).
If price pushes into that area and starts to reverse, it could trigger a fresh leg up in altcoins — classic risk-on signal.
📌 Takeaways:
— If you caught the recent alt run: consider partial profit-taking.
— If you missed the move: don’t chase here, better to wait for a clearer entry after confirmation.
📉 A local bounce or consolidation is likely from here.
🔺 Major resistance stands at the 5.6% zone (highlighted red).
If price pushes into that area and starts to reverse, it could trigger a fresh leg up in altcoins — classic risk-on signal.
📌 Takeaways:
— If you caught the recent alt run: consider partial profit-taking.
— If you missed the move: don’t chase here, better to wait for a clearer entry after confirmation.
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.
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.