USDT Dominance update - Dec 18 2024
As analyzed and predicted, USDT dominance seems to have completed its post-breakout retest and is currently heading for 4.35% - 4.70% level causing another sell pressure in the entire market.
Some traders believe the dump in the market is the result of newest FED statement regarding the inflation but in fact we have been waiting for this dump since early December.
The next drop in USDT dominance is probably going to be a sharp and strong one and given the fact that BTC dominance is also heading for lower levels, altcoins are probably going to pump much harder compared to recent moves in Nov and Dec. So it's advised to consider buying the dip in potential altcoins.
Some traders believe the dump in the market is the result of newest FED statement regarding the inflation but in fact we have been waiting for this dump since early December.
The next drop in USDT dominance is probably going to be a sharp and strong one and given the fact that BTC dominance is also heading for lower levels, altcoins are probably going to pump much harder compared to recent moves in Nov and Dec. So it's advised to consider buying the dip in potential altcoins.
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