Will the USDT Dominance Rebound?
Hello, traders! Welcome to yet another update on USDT Dominance (USDT.D).
The USDT.D has been consistently holding support in the 3.78% to 4% range. If it continues to rebound from this range, it could establish a strong support level, which might not be favorable for the market. The RSI is gaining momentum and is nearing the middle line, indicating more room for the dominance to rebound.
For BTC to hit the 120k mark, USDT.D must break below this key support. On the other hand, if you’re concerned about a market dip, there’s a resistance level for USDT.D at 4.8%, which is likely to prevent the market from crashing further.
I hope this analysis helps! I’ll share more updates soon, but for now, stay cautious.
The USDT.D has been consistently holding support in the 3.78% to 4% range. If it continues to rebound from this range, it could establish a strong support level, which might not be favorable for the market. The RSI is gaining momentum and is nearing the middle line, indicating more room for the dominance to rebound.
For BTC to hit the 120k mark, USDT.D must break below this key support. On the other hand, if you’re concerned about a market dip, there’s a resistance level for USDT.D at 4.8%, which is likely to prevent the market from crashing further.
I hope this analysis helps! I’ll share more updates soon, but for now, stay cautious.
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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.
Related publications
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.