📊 #Tether chart is displaying a significant development that's catching our attention. Here's the scoop:
1️⃣ Market-Wide Rallies: The primary reason behind the recent market rallies is the sideways movement of #BTC. While Bitcoin remains stable, we're witnessing a surge in other assets.
2️⃣ USDT Chart Rejections: On the USDT chart, we're consistently observing rejections. This means that buyers are facing obstacles around the 8.20% area which is good for Altcoins in general.
3️⃣ Critical Threshold: If we witness a close below the 8% mark, it could be a game-changer. This event might trigger a rally that could drive USDT down to 7.25%. This would also likely result in altcoins hitting new local highs.
Intriguing times are ahead.
What do you think?
Do hit the like button and share your views in the comment section.
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.