USDT Dominance Chart Analysis
USDT dominance broke out of a long-term descending channel.
However, it is showing signs of rejection at nearly 4.60% and could head back towards support.
21-day MA (black line): Previously acted as resistance, but now provides some support.
100-day MA (purple line): Was breached, but is now being retested as support.
A red candle after the recent breakout suggests a possible failed breakout scenario.
The green arrow indicates a potential decline towards 4.20% or even lower.
Support: 4.20% (previous resistance, now potential support).
Low Support: 4.00%
Resistance: 4.60%
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DYOR. NFA
However, it is showing signs of rejection at nearly 4.60% and could head back towards support.
21-day MA (black line): Previously acted as resistance, but now provides some support.
100-day MA (purple line): Was breached, but is now being retested as support.
A red candle after the recent breakout suggests a possible failed breakout scenario.
The green arrow indicates a potential decline towards 4.20% or even lower.
Support: 4.20% (previous resistance, now potential support).
Low Support: 4.00%
Resistance: 4.60%
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
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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.