A downward trend in USDT dominance typically signals growing confidence in riskier assets (such as Bitcoin and altcoins), as traders move funds out of stablecoins and into crypto investments.
Breakout Attempt
The latest price action shows a breakout from the descending channel.
This signals a potential reversal, during which traders may return funds to USDT due to market uncertainty or a correction in crypto prices.
The black line forecasts a strong upward move in USDT dominance.
If this happens, it could indicate that investors are selling crypto holdings and moving funds into stablecoins in anticipation of a market decline.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
Breakout Attempt
The latest price action shows a breakout from the descending channel.
This signals a potential reversal, during which traders may return funds to USDT due to market uncertainty or a correction in crypto prices.
The black line forecasts a strong upward move in USDT dominance.
If this happens, it could indicate that investors are selling crypto holdings and moving funds into stablecoins in anticipation of a market decline.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
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.
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.