#USDT Dominance Analysis

USDT Dominance is currently carving out a triple bottom pattern and encountering resistance at the horizontal supply zone. While the 21-period Moving Average (MA) is providing immediate support, the outlook remains contingent on a decisive move. A breakout above the neckline would likely catalyze a bullish rally; conversely, a breach below the 21MA could signal a deeper retracement. Notably, USDT Dominance maintains a strong inverse correlation with the broader cryptocurrency market.

$USDT