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Usdtdominane

USDT Dominance $USDT.D – Channel Breakout in Action!!USDT.D has officially broken out of the descending channel, indicating a potential shift in momentum. Key Points: - LTF bullish divergence supported the recent push. - Price is now testing the breakout level with potential to move higher. - Next key resistance levels are marked at 4.85%, 5.23% Both levels align with Fibonacci retracement zones, adding to their importance. If this move sustains, we might see temporary pressure on alts due to increased USDT strength. However, if price fails to hold above the channel and confirms a deviation, alts may resume dominance. Weekly close remains key — it will either validate this breakout or trap the breakout traders.
CRYPTOCAP:USDT.DShort
by persis10t
USDC Leads Stablecoin Market Cap Growth in 2024, Surpassing USDT The year 2024 witnessed a significant shift in the stablecoin landscape, with Circle's USD Coin (USDC) demonstrating a remarkable resurgence and outperforming its main competitor, Tether's USDT, in terms of market capitalization growth. This surge marks a significant milestone for USDC, which had faced a considerable setback in 2023 following the collapse of Silicon Valley Bank (SVB). This article delves into the factors contributing to USDC's impressive recovery and its implications for the broader stablecoin market. USDC's Rocky Road to Recovery USDC's journey in recent years has been a rollercoaster ride. In 2023, the stablecoin experienced a substantial downturn, with its market cap plummeting by 45%. This decline was largely attributed to the collapse of SVB, where Circle had a portion of its reserves held. The bank's failure triggered a crisis of confidence in USDC, leading to significant withdrawals and a temporary de-pegging from the US dollar. This event cast a shadow over USDC's future and raised concerns about the stability of stablecoins in general. However, USDC's performance in 2024 tells a different story. The stablecoin not only recovered from the SVB-induced slump but also surpassed USDT in market cap growth. This remarkable turnaround underscores USDC's resilience and the growing trust in its underlying mechanisms. Factors Driving USDC's Growth Several factors have contributed to USDC's impressive growth in 2024: 1. Increased Regulatory Clarity: The evolving regulatory landscape surrounding stablecoins has been crucial in USDC's resurgence. As governments worldwide are increasingly focusing on establishing clear frameworks for stablecoin operations, USDC's commitment to transparency and compliance has resonated with investors and users. This regulatory clarity has fostered a more favorable environment for USDC, attracting both institutional and retail adoption. 2. Focus on Trust and Transparency: Circle has prioritized building trust and transparency in its operations. The company regularly publishes attestations of its reserves, providing assurance to users that USDC is fully backed by traditional assets. This commitment to transparency has been instrumental in restoring confidence in USDC following the SVB crisis. 3. Expansion of Blockchain Infrastructure: The continuous development and expansion of blockchain infrastructure have also contributed to USDC's growth. As more blockchain networks integrate USDC, its utility and accessibility increase, driving adoption and market capitalization. 4. Growing Institutional Adoption: USDC has witnessed increasing adoption among institutional investors. These investors are drawn to USDC's stability, transparency, and regulatory compliance, making it a preferred choice for various use cases, including trading, lending, and payments. 5. Market Demand for Diversification: The stablecoin market has been increasingly seeking diversification beyond USDT. Concerns about the composition of Tether's reserves and its lack of transparency have led investors to explore alternative stablecoins. USDC, with its focus on transparency and regulatory compliance, has emerged as a leading beneficiary of this trend. USDC vs. USDT: A Closer Look USDC and USDT are the two dominant stablecoins in the market, but they differ significantly in their approach and underlying mechanisms. • Transparency and Audits: USDC has been lauded for its transparency, with regular audits and attestations of its reserves. In contrast, Tether has faced criticism for its lack of transparency and the composition of its reserves. • Regulatory Compliance: Circle has actively engaged with regulators and prioritized compliance, while Tether has faced regulatory scrutiny in various jurisdictions. • Market Capitalization: While USDT still holds the largest market share, USDC has been steadily closing the gap, driven by its strong growth in 2024. Implications for the Stablecoin Market USDC's surge has significant implications for the broader stablecoin market: • Increased Competition: USDC's growth has intensified competition in the stablecoin market, challenging USDT's dominance. This competition is healthy for the market, driving innovation and improving standards. • Focus on Transparency and Compliance: USDC's success has reinforced the importance of transparency and regulatory compliance in the stablecoin industry. This trend is likely to continue, with stablecoin issuers prioritizing these aspects to gain trust and adoption. • Growing Institutional Interest: The increasing institutional adoption of USDC signals a growing acceptance of stablecoins as a legitimate asset class. This trend is likely to attract more institutional investors to the stablecoin market, further driving its growth. Conclusion Circle's USDC has demonstrated a remarkable recovery and growth in 2024, outperforming Tether's USDT in market cap surge. This resurgence can be attributed to several factors, including increased regulatory clarity, a focus on trust and transparency, expansion of blockchain infrastructure, growing institutional adoption, and market demand for diversification. USDC's success has significant implications for the stablecoin market, intensifying competition, emphasizing transparency and compliance, and attracting growing institutional interest. As the stablecoin market continues to evolve, USDC is poised to play a leading role, shaping its future and driving its adoption in the broader financial ecosystem.
CRYPTOCAP:USDCLong
by bryandowningqln
USDT.DOMINANCE CHART UPDATE !!This chart provides USDT dominance, highlighting key patterns and potential market implications: Head & Shoulders Pattern: The chart shows a completed Head & Shoulders pattern, indicating potential bearish momentum for USDT dominance. This often signals a rotation of capital away from stablecoins and into riskier crypto assets. USDT dominance has broken the neckline support of the Head & Shoulders pattern and is moving toward the green horizontal demand area. This area represents a crucial support area near 2.0%-2.5%. Resistance: The neckline and the descending trendline around 4.25% now act as resistance. Support: The green demand area near 2.0%- 2.5% is crucial. A sustained move into this area could coincide with a strong crypto market rally. A continued decline in USDT dominance indicates growing confidence in the crypto market, with investors pouring funds into altcoins and Bitcoin. Conversely, any improvement in USDT dominance could indicate an increase in risk aversion. Let me know if you’d like further assistance or adjustments! DYOR. NFA
CRYPTOCAP:USDT.D
by CryptoSanders9563
1
USDT Dominance Chart Analysis !4.50%–4.60% (orange zone): This level represents a crucial resistance zone, where previous upward moves have stalled. A breakout above this level will signal bullish momentum in USDT dominance, increasing risk-off sentiment in the market. Primary Support: 4.10%–4.20% This zone acts as a near-term support level. A breakdown below this could lead to a further decline in USDT dominance. Secondary Support: 3.80%–3.90% This is a crucial demand zone, where buyers have historically come forward. If the price reaches this zone, it could signal a reversal. The 21-period MA (thin line) and 200-period MA (thick green line) are important indicators to watch. USDT dominance is trading near the 21 MA, while the 200 MA is below, indicating potential support. Symmetrical Triangle Formation: USDT dominance is consolidating within a triangle pattern. A break on either side (up or down) will determine the next significant move. Upside Breakout: This could lead to a retest of the 4.50%-4.60% area. Downside Breakout: This could lead to a decline towards the 4.10%-4.20% support, with a possible continuation towards the 3.80% area. DYOR, NFA @Peter_CSAdmin
CRYPTOCAP:USDT.D
by CryptoSanders9563
USDT dominance chart update details: “death cross” has formed, where a short-term moving average (possibly the 50-day, shown in red) has crossed below a long-term moving average (possibly the 200-day, in green). This pattern typically suggests a bearish signal, indicating the potential for further declines in USDT dominance. The overall direction appears downward, with USDT dominance testing lower support areas within a descending channel. Key support levels are marked in green and gray. The current price level is slightly above the major support area around 5.0%. The chart suggests a possible continuation downward, with the next significant support area near 4.0%. The large downward arrow indicates a bearish outlook for USDT dominance, suggesting potential further declines toward the 4.0% range if current support levels fail to hold. This chart indicates that if USDT dominance continues to decline, this could correlate with a potential uptrend in the broader crypto market, as money flows from stablecoins into other assets. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
CRYPTOCAP:USDT.D
by CryptoSanders9563
1
Let me explain the "USDT DOMINANCE" impulse wave perspectiveHello, friends. Nice to meet you I'm going to tell you about the USDT domination that shows the direction of Bitcoin and Altcoin Based on the impulse wave, we expect to be making 5 waves now, and we expect the target to reach 3.35% to 3%. The waves look very pretty, and you can now trade by referring to this chart Bitcoin and altcoins fall as usdt.d rises Bitcoin and altcoins rise when usdt.d falls. Make sure you remember
CRYPTOCAP:USDT.DShort
by EAGLE_S_S
USDT.DOMINANCE 1DAY UPDAYE BY CRYPTO SANDERS !!Hello, welcome to this USDT. dominance update by CRYPTO SANDERS. CHART ANALYSIS:-USDT.D is bouncing from the horizontal support. If it breakout the current resistance level, a further bounce is expected toward the horizontal resistance. The general pattern is bearish as it is exchanging beneath the Ichimoku cloud. We've to wait for a solid breakdown of the horizontal support, which would confirm another bullish move, as USDT.D works inversely proportional to the crypto market. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
CRYPTOCAP:USDT.D
by CryptoSanders9563
2
USDT.DOMINANCE 1HOUR UPDATE !!Hello and welcome to this USDT.DOMINANCE chart update by Crypto Sanders. I have tried to bring the best possible result in this chart. Chart Analysis:- Looking at the dominance of USDT it looks like a 6.66% to 100ma scheme which could fall to 6.41% if 100ma dominance is broken and closes above this chart it will be invalid. This is not a piece of financial advice. Hit the like button if you like it and share your chart in the comment section. Thank you
CRYPTOCAP:USDT.D
by CryptoSanders9563
#USDT DOMINANCE UPDATE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. Currently, the market is so crazy that many traders have booked a huge loss or liquidated their entire portfolio by buying every fake dip. IMO I will advise you guys to yeah stay out of this market because everyone is trying to predict the bottom but actually no one will be able to tell you the bottom by using TA. So one thing we can do we can accumulate BTC instant of buying ones as I already mentioned in my BTC chat the buying range of BTC. In my opinion, accumulation is the best option Let’s get to the chat Here we can see in the three-day time frame dominance is trending inside this long-term channel and also forming this ascending triangle pattern currently expecting some Bounce towards 9.45%. In case we break out this ascending triangle pattern, then that will be the confirmation for the bull run. Stay tuned I will keep updating. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
3
WILL USDT DOMINANCE BE ABLE TO BREAK THIS 362D-LONG SUPPORT?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. USDT DOMINANCE UPDATE USDT DOMINANCE is trading at the lower support of this symmetrical triangle pattern now we need a confirmed breakdown of this pattern If BTC breaks this 362D support, we will see some excellent bounce on ALT. RSI doesn't look good because it is trending at a very low level as same it was on (1 Apr 2022 ) As per the chart Still Waiting for Confirmation This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
1
#USDT DOMININCE break the support!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. USDT DOMINANCE UPDATE As I mentioned in my last USDT DOMINANCE UPADTE that we have 7.7% level as support and 7,27% as local resistance currently dominance break down this 7.7%level support now we can expect some good drop from here but hope it will not do any fackout. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:USDT.DShort
by CRYPTOMOJO_TA
2
#USDT DOMINANCE UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. USDT DOMINANCE UPDATE As I mentioned in my last USDT DOMINANCE update about this rising wedge pattern and it's going good currently we have 7.7% level as support and 7,27% as local resistance IMO usdt dominance will retest this local resistance then dominance will drop again. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:USDT.DShort
by CRYPTOMOJO_TA
2
#USDT DOMINANCE UPDATE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. USDT DOMINANCE UPDATE USDT DOMINANCE is trading under this symmetrical triangle pattern now we need a confirmed breakout or breakdown of this pattern As per the chart Still Waiting for Confirmation If dominance breakdown this symmetrical triangle then we see some good bounce on ALT. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:USDT.DShort
by CRYPTOMOJO_TA
5
#USDT DOMINANCE is trading inside this channel!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. USDT DOMINANCE UPDATE USDT DOMINANCE is at perfect resistance as you can see. The USDT.D will drop down and we can see the opposite reaction on BTC and other altcoins. In case it breaks the upper resistance then the chart will be invalid. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
CRYPTOCAP:USDT.DShort
by CRYPTOMOJO_TA
4