📊 Is USDT dominance starting to lose momentum?
The 4-hour chart is showing signs of weakening momentum in USDT dominance, after touching the area around 7.24% and retreating to 7.13%.
The RSI has fallen from overbought territory to around 58, indicating a decline in buyers’ strength, though there is no confirmation of a trend reversal yet.
🔎 Key levels:
▪️ 7.20%–7.24%: Resistance zone.
▪️ 7.00%: A confirmed close below this level would strengthen the pullback scenario.
▪️ 6.80%–6.88%: Potential target zone.
A decline in dominance could pave the way for rebounds in some coins, such as $AVAX, $SUI, and $ZEC, provided liquidity improves.
Bottom line: A rebound is possible, but this does not confirm the start of a new upward wave.
ALI_IQ_SPOT | Reading beyond price action
#USDTD #BTC TC #Crypto_Jobs🎯
The 4-hour chart is showing signs of weakening momentum in USDT dominance, after touching the area around 7.24% and retreating to 7.13%.
The RSI has fallen from overbought territory to around 58, indicating a decline in buyers’ strength, though there is no confirmation of a trend reversal yet.
🔎 Key levels:
▪️ 7.20%–7.24%: Resistance zone.
▪️ 7.00%: A confirmed close below this level would strengthen the pullback scenario.
▪️ 6.80%–6.88%: Potential target zone.
A decline in dominance could pave the way for rebounds in some coins, such as $AVAX, $SUI, and $ZEC, provided liquidity improves.
Bottom line: A rebound is possible, but this does not confirm the start of a new upward wave.
ALI_IQ_SPOT | Reading beyond price action
#USDTD #BTC TC #Crypto_Jobs🎯
