The chart shows that USDT dominance is moving within a well-defined descending channel.
The price has recently moved closer to the upper boundary of the channel, marked by the orange resistance area around 4.60%.
4.60% (orange area): This resistance has rejected price action several times before, which suggests strong selling pressure.
Any failure to break above this level could result in another downward move.
4.00%–3.80% (green area): This is the crucial support area within the channel. A break below this could push dominance further down, potentially towards 3.60% or lower.
The surge in volume during previous rejections at the upper boundary suggests strong bearish momentum.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
The price has recently moved closer to the upper boundary of the channel, marked by the orange resistance area around 4.60%.
4.60% (orange area): This resistance has rejected price action several times before, which suggests strong selling pressure.
Any failure to break above this level could result in another downward move.
4.00%–3.80% (green area): This is the crucial support area within the channel. A break below this could push dominance further down, potentially towards 3.60% or lower.
The surge in volume during previous rejections at the upper boundary suggests strong bearish momentum.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.