Stablecoin dominance in general seems to be persistently rising over the past few months.
As of now, Tether's market cap seems to be potentially approaching the last key historical resistance zone.
It may also be a possibility that the last resistance zone does not sustain and new highs may be seen (if the last resistance zone does not hold).
This may lead to further bleeding in the overall crypto market.
A potential range of 8.28% - 11.548% may be possible estimates of Tether's Dominance based on previous characters of Tether Dominance bull rallies.
However, characters are subject to change so a dynamic approach would serve crypto bulls better.
Where do you think Tether Dominance takes a break?
As of now, Tether's market cap seems to be potentially approaching the last key historical resistance zone.
It may also be a possibility that the last resistance zone does not sustain and new highs may be seen (if the last resistance zone does not hold).
This may lead to further bleeding in the overall crypto market.
A potential range of 8.28% - 11.548% may be possible estimates of Tether's Dominance based on previous characters of Tether Dominance bull rallies.
However, characters are subject to change so a dynamic approach would serve crypto bulls better.
Where do you think Tether Dominance takes a break?
Nota
9.4% resistance zone has been tested. Let's see where we go from here.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.