Will the USDT Dominance Rebound?
Hello, traders! Welcome to yet another update on USDT Dominance (USDT.D).
The USDT.D has been consistently holding support in the 3.78% to 4% range. If it continues to rebound from this range, it could establish a strong support level, which might not be favorable for the market. The RSI is gaining momentum and is nearing the middle line, indicating more room for the dominance to rebound.
For BTC to hit the 120k mark, USDT.D must break below this key support. On the other hand, if you’re concerned about a market dip, there’s a resistance level for USDT.D at 4.8%, which is likely to prevent the market from crashing further.
I hope this analysis helps! I’ll share more updates soon, but for now, stay cautious.
The USDT.D has been consistently holding support in the 3.78% to 4% range. If it continues to rebound from this range, it could establish a strong support level, which might not be favorable for the market. The RSI is gaining momentum and is nearing the middle line, indicating more room for the dominance to rebound.
For BTC to hit the 120k mark, USDT.D must break below this key support. On the other hand, if you’re concerned about a market dip, there’s a resistance level for USDT.D at 4.8%, which is likely to prevent the market from crashing further.
I hope this analysis helps! I’ll share more updates soon, but for now, stay cautious.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.