๐ท๏ธ $USDT DOMINANCE: A KEY BREAKDOWN
#USDT Dominance has just lost the rising trendline that supported the structure for months.
The latest rejection from the upper range was aggressive, followed by a sharp move back toward the major support zone.
๐ If this breakdown holds, it could signal weakening demand for stablecoin liquidity and a potential shift back toward risk assets.
That would be an important development for the broader crypto market. ๐
However, reclaiming the broken trendline would weaken this bearish setup.
๐ This is a structure worth watching closely.
โ ๏ธ Not financial advice.
#Bitcoin #Crypto #Ethereum #altcoins
#USDT Dominance has just lost the rising trendline that supported the structure for months.
The latest rejection from the upper range was aggressive, followed by a sharp move back toward the major support zone.
๐ If this breakdown holds, it could signal weakening demand for stablecoin liquidity and a potential shift back toward risk assets.
That would be an important development for the broader crypto market. ๐
However, reclaiming the broken trendline would weaken this bearish setup.
๐ This is a structure worth watching closely.
โ ๏ธ Not financial advice.
#Bitcoin #Crypto #Ethereum #altcoins
