The domination of stablecoins USDT+USDC today has broken through support at 9,099%, piercing it with an impulse. Here is its own struggle for new lows. Recall that the 9,650% level, according to our assessment, is the level that separates the bearish and bullish markets. In August–September, domination repeatedly returned above this level and was still above it on September 18—but now it has started to fall more decisively than before.

The “Bearish wedge” pattern is still unfolding toward the full target of 5,530%, which we mentioned earlier. And the most interesting part is whether the support metric at 8,756% will hold, or whether the crypto market will continue rising further. If 8,756% breaks, a zone of impulsive moves will open at 6,619%–8,756%. But on the way around the 8% level there is global trend support for lows—still from the previous cycle. A reaction from it could also happen.

A sustained downtrend on the weekly timeframe in stablecoin dominance—let’s remind you, since mid-August. This was helped by ETH and altcoins.

As predicted, at the moment they showed greater strength. On the weekly timeframe, you can see that the monthly dominance consolidated around 9,650%, but now it has broken through. Even though right away it came to other supports.

We’ll specifically show how they’re executing the potential high markers on dominance on the monthly timeframe. We wrote that we expected the posted high of dominance within the April–June window. As we can see, that’s how it turned out—the dominance adjusted from 13% to 9%.

All is good, everything is going as expected within the forecast. They are ideally hitting the potential high and the loyal markers on the monthly timeframe. But if it weren’t for the current speculative short, which is spoiling the mood. We underestimated the strength of the reversal impulse and got stuck.

Right now, on the stablecoin dominance—mirroring Bitcoin—there are two strong signals for a potential low on the 1-hour and 3-hour timeframes, and three regular marks on the 12-hour timeframe. After today’s price impulse and dominance are in consolidation. And again, the key question is whether this distribution is or accumulation. So far, trends favor the second option, but how long can it last?