USDT Dominance Hits Key Support — Is Another Crypto Sell-Off Coming?
$USDT Dominance increased with strong bullish momentum over the past week, putting significant pressure on the broader cryptocurrency market, particularly $BTC and $ETH .
Now, USDT.D is approaching another important decision point.
Price is trading near the 6.51%–6.60% Support Zone after failing on its first attempt to break through the 6.72%–6.87% Resistance Zone.
From an Elliott Wave perspective, USDT.D still appears to have the potential to continue the impulsive structure that started last week.
I expect USDT Dominance to potentially react positively from the current Support Zone and begin another move toward the upper resistance area.
If this scenario develops, it could create renewed selling pressure across the crypto market, particularly on Bitcoin and Ethereum, as rising USDT Dominance often reflects a more defensive positioning among market participants.
For now, these are the two areas that matter most:
Support: 6.51%–6.60%
Resistance: 6.72%–6.87%
The reaction from support could determine whether last week’s bullish move in USDT.D has another leg left.
What comes next?
🔴 USDT.D rebounds and pressures crypto
🟢 Support breaks and crypto gains strength
$USDT Dominance increased with strong bullish momentum over the past week, putting significant pressure on the broader cryptocurrency market, particularly $BTC and $ETH .
Now, USDT.D is approaching another important decision point.
Price is trading near the 6.51%–6.60% Support Zone after failing on its first attempt to break through the 6.72%–6.87% Resistance Zone.
From an Elliott Wave perspective, USDT.D still appears to have the potential to continue the impulsive structure that started last week.
I expect USDT Dominance to potentially react positively from the current Support Zone and begin another move toward the upper resistance area.
If this scenario develops, it could create renewed selling pressure across the crypto market, particularly on Bitcoin and Ethereum, as rising USDT Dominance often reflects a more defensive positioning among market participants.
For now, these are the two areas that matter most:
Support: 6.51%–6.60%
Resistance: 6.72%–6.87%
The reaction from support could determine whether last week’s bullish move in USDT.D has another leg left.
What comes next?
🔴 USDT.D rebounds and pressures crypto
🟢 Support breaks and crypto gains strength