USDT.DOMINANCE CHART UPDATE BY CRYPTOSANDERS !!Hello, welcome to this usdt.dominance update by CRYPTO SANDERS.
Analysis of #USDT Dominance:
USDT.D has experienced a decrease subsequent to the breakdown of the ascending triangle pattern. The Ichimoku cloud suggests a prevailing bearish trend. Presently, it faces resistance at the Moving Average (MA) 200.
A potential scenario could involve rejection from this juncture, while a clear breakout above the MA 200 would indicate the onset of bullish momentum. It's crucial to acknowledge that USDT.D typically exhibits an inverse correlation with the broader cryptocurrency market.
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