$USDT
Dominance Is Falling — Is a Crypto Rally Coming Next?
USDT Dominance%(USDT.D) is one of the key indicators for monitoring risk appetite across the cryptocurrency market. A decline generally supports Bitcoin and altcoins, while a rise can signal capital moving toward stablecoins.
Technical Analysis
On the Daily timeframe, USDT.D has entered the Heavy Support Zone(6.77%-5.25%), broken below its Support Lines, and appears to have completed a pullback toward the broken structure.
From an Elliott Wave perspective, USDT.D appears to be completing the main Wave 5, potentially inside the Potential Reversal Zone(PRZ)[6.30%-6.07%].
I expect USDT.D to continue declining toward the PRZ, which could support higher crypto prices. However, completing Wave 5 there could trigger a short-term reversal and renewed pressure on the market.
Will USDT.D reach the PRZ before the next crypto correction begins? #Tether
Dominance Is Falling — Is a Crypto Rally Coming Next?
USDT Dominance%(USDT.D) is one of the key indicators for monitoring risk appetite across the cryptocurrency market. A decline generally supports Bitcoin and altcoins, while a rise can signal capital moving toward stablecoins.
Technical Analysis
On the Daily timeframe, USDT.D has entered the Heavy Support Zone(6.77%-5.25%), broken below its Support Lines, and appears to have completed a pullback toward the broken structure.
From an Elliott Wave perspective, USDT.D appears to be completing the main Wave 5, potentially inside the Potential Reversal Zone(PRZ)[6.30%-6.07%].
I expect USDT.D to continue declining toward the PRZ, which could support higher crypto prices. However, completing Wave 5 there could trigger a short-term reversal and renewed pressure on the market.
Will USDT.D reach the PRZ before the next crypto correction begins? #Tether
