The dominance of USDT (USDT.D) clearly forms a positive divergence (Bullish Divergence) on the daily timeframe, indicating the possibility of an upward rebound.
An increase in dominance means capital is leaving the altcoin market and moving toward the digital dollar, which directly puts downward pressure on cryptocurrencies such as $SAGA and $FET and $XAI
.
The goal of this rebound is to rise toward the price gap (FVG) area extending between 7.60% and 7.95% to cover liquidity.
🚨 Warning: Rising USDT dominance may cause a correction and decline for most altcoins!
An increase in dominance means capital is leaving the altcoin market and moving toward the digital dollar, which directly puts downward pressure on cryptocurrencies such as $SAGA and $FET and $XAI
.
The goal of this rebound is to rise toward the price gap (FVG) area extending between 7.60% and 7.95% to cover liquidity.
🚨 Warning: Rising USDT dominance may cause a correction and decline for most altcoins!
