$USDT Dominance at Resistance — Can Crypto Get a Short-Term Relief Bounce?
USDT Dominance is now trading inside the Resistance Zone (6.72%-6.87%) and close to the key 6.77% level.
My short-term roadmap is for USDT.D to first move lower toward the Support Zone (6.64%-6.68%).
If that happens, Bitcoin and Ethereum could receive some temporary support as pressure across the crypto market eases.
But 6.77% remains the key level.
For broader selling pressure across crypto to strengthen again, I would want to see at least a 1-hour candle close above 6.77%.
So for now, the story is simple:
Reject 6.77% → Crypto could recover short term
Close above 6.77% → Risk of another bearish move increases
What comes first?
🟢 Correction toward (6.64%-6.68%)
🔴 Break and hold above 6.77%
#Tether
USDT Dominance is now trading inside the Resistance Zone (6.72%-6.87%) and close to the key 6.77% level.
My short-term roadmap is for USDT.D to first move lower toward the Support Zone (6.64%-6.68%).
If that happens, Bitcoin and Ethereum could receive some temporary support as pressure across the crypto market eases.
But 6.77% remains the key level.
For broader selling pressure across crypto to strengthen again, I would want to see at least a 1-hour candle close above 6.77%.
So for now, the story is simple:
Reject 6.77% → Crypto could recover short term
Close above 6.77% → Risk of another bearish move increases
What comes first?
🟢 Correction toward (6.64%-6.68%)
🔴 Break and hold above 6.77%
#Tether