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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.