USDT Dominance is showing some interesting movement after breaking out of a descending channel that has held since July 11. Here's a quick breakdown of what we're seeing and what to watch next:
🔍 Current Market Structure
✅ Breakout Attempt: Price has broken above the descending channel, suggesting potential bullish momentum.
🔄 Retest Zone: We’re now watching the 4.26%–4.22% zone closely. A successful retest here could act as a trigger for continuation to the upside.
🔼 Resistance Ahead: Immediate resistance lies near 4.32%, with a stronger supply zone around 4.45%.
🔽 Support: Key support remains at 4.13%, which has held during previous consolidation phases.
🧠 Possible Scenarios
Bullish: If USDT.D finds support above 4.22% and reclaims 4.32%, we could see a push toward 4.45% resistance.
Bearish Trap: Failure to hold the 4.22% level might drag us back into the channel, but this could still be a fakeout before continuation, so caution is key.
📌 Key Levels to Watch
Trigger: 4.22%
Resistance: 4.32% → 4.45%
Support: 4.13%
📅 Timeframe: 1H
Chart Type: USDT Dominance (% of Market Cap)
🧭 Reminder: This chart reflects capital rotation. A rise in USDT Dominance can suggest risk-off behavior (money flowing out of crypto), while a drop usually means risk-on (money flowing into crypto assets). Always pair this with BTC and ETH charts for better clarity.
🔍 Current Market Structure
✅ Breakout Attempt: Price has broken above the descending channel, suggesting potential bullish momentum.
🔄 Retest Zone: We’re now watching the 4.26%–4.22% zone closely. A successful retest here could act as a trigger for continuation to the upside.
🔼 Resistance Ahead: Immediate resistance lies near 4.32%, with a stronger supply zone around 4.45%.
🔽 Support: Key support remains at 4.13%, which has held during previous consolidation phases.
🧠 Possible Scenarios
Bullish: If USDT.D finds support above 4.22% and reclaims 4.32%, we could see a push toward 4.45% resistance.
Bearish Trap: Failure to hold the 4.22% level might drag us back into the channel, but this could still be a fakeout before continuation, so caution is key.
📌 Key Levels to Watch
Trigger: 4.22%
Resistance: 4.32% → 4.45%
Support: 4.13%
📅 Timeframe: 1H
Chart Type: USDT Dominance (% of Market Cap)
🧭 Reminder: This chart reflects capital rotation. A rise in USDT Dominance can suggest risk-off behavior (money flowing out of crypto), while a drop usually means risk-on (money flowing into crypto assets). Always pair this with BTC and ETH charts for better clarity.
Trade active
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.