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Let's analyze USDT dominance :
The USDT dominance (USDT.D) recently rebounded from a critical 3.80% support level, coinciding with BTC's price drop from $109,000 to approximately $78,000. Currently, USDT.D is testing the 5.70% resistance. A minor pullback to 4.90% is possible. However, a break above 5.70% could propel USDT.D towards a higher resistance zone of 6.35%-6.60%. For Bitcoin to reach a new all-time high (ATH), it's essential that USDT.D rejects these resistance levels and subsequently breaks below its upward support trendline.
Support Levels:
4.90% (current support)
3.80% (crucial support)
Resistance Level:
5.70% (current resistance)
6.35%- 6.60% (crucial resistance)
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Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyze USDT dominance :
The USDT dominance (USDT.D) recently rebounded from a critical 3.80% support level, coinciding with BTC's price drop from $109,000 to approximately $78,000. Currently, USDT.D is testing the 5.70% resistance. A minor pullback to 4.90% is possible. However, a break above 5.70% could propel USDT.D towards a higher resistance zone of 6.35%-6.60%. For Bitcoin to reach a new all-time high (ATH), it's essential that USDT.D rejects these resistance levels and subsequently breaks below its upward support trendline.
Support Levels:
4.90% (current support)
3.80% (crucial support)
Resistance Level:
5.70% (current resistance)
6.35%- 6.60% (crucial resistance)
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
Trade active
USDT.D is hitting 5.70% resistance, with 4.90% as support. A drop below 4.90% activates the critical lower support. If USDT.D breaks 4.90%, expect a test of the lower, vital support level. The 4.90% support is crucial for USDT.D to hold.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.