
Is USDT Dominance Signaling a Bullish Move for Alts?
USDT.D Daily
USDT Dominance is stuck inside of a descending channel and the chart speaks for itself that every time it is pushed higher, it has been rejected-lower highs, lower lows since February.
At 7.415% and right on the Mid Key Zone after having bounced a bit off the Support Zone. The descending channel is squeezing price and there is really only one possible ending to it and that is a breakout.
The arrow on the chart says it all. If this channel is drawn out to scale, the next area it will fall into is 6.80%-6.40%.
DYOR, NFA