USDT Dominance (4H) Analysis
After a strong upward move, USDT dominance is currently retracing from its recent high. The market shows signs of short-term correction, and I expect price to reach the following potential support levels:
4.71% – minor support, possible reaction zone.
4.60% – key short-term level; if broken, further downside likely.
4.50% – next significant support area.
4.43% – deeper correction target if bearish momentum continues.
If dominance holds above 4.60% and forms a bullish structure, we might see another leg up. Otherwise, continuation toward the lower levels seems likely.
After a strong upward move, USDT dominance is currently retracing from its recent high. The market shows signs of short-term correction, and I expect price to reach the following potential support levels:
4.71% – minor support, possible reaction zone.
4.60% – key short-term level; if broken, further downside likely.
4.50% – next significant support area.
4.43% – deeper correction target if bearish momentum continues.
If dominance holds above 4.60% and forms a bullish structure, we might see another leg up. Otherwise, continuation toward the lower levels seems likely.
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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.