@blackrosemmav
đź’µ #USDT.D
đź”” An imminent breakout is expected. Exercise caution with long positions.
The chart displays the USDT Dominance (USDT.D), which measures Tether's (USDT) market capitalization relative to the total crypto market. Key observations:
1. Trend: The dominance has been fluctuating within a range, currently showing a slight decline of -0.53%.
2. Levels:
- Resistance: ~6.24% (recent high).
- Support: ~3.71% (recent low).
3. Breakout Warning: The tight consolidation near the lower range suggests potential volatility. A breakdown below support could signal bearish momentum, urging caution for long positions.
4. Context: Declining USDT dominance often indicates capital rotation into altcoins, while spikes suggest risk-off sentiment.
Action: Monitor the support zone closely—breach may confirm further downside
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