USDT dominance on verge of breaking down!!
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Let's analyze USDT dominance :
USDT dominance (USDT.D) recently failed to break below its support level of 3.83%. This failure led to a surge in USDT.D, pushing it up to the 4.28% level. However, it encountered resistance at 4.28% and was subsequently rejected, returning to the 3.83% support level.
A sustained break below this 3.83% support level, confirmed by a daily close below it, could potentially trigger a significant upward movement for Bitcoin (BTC), possibly leading to a price target of $120,000.
Support Levels:
3.82%
Resistance Level:
4.28%
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!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyze USDT dominance :
USDT dominance (USDT.D) recently failed to break below its support level of 3.83%. This failure led to a surge in USDT.D, pushing it up to the 4.28% level. However, it encountered resistance at 4.28% and was subsequently rejected, returning to the 3.83% support level.
A sustained break below this 3.83% support level, confirmed by a daily close below it, could potentially trigger a significant upward movement for Bitcoin (BTC), possibly leading to a price target of $120,000.
Support Levels:
3.82%
Resistance Level:
4.28%
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!!
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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.
Related publications
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.