USDT Dominance has been trading inside a wide sideways range for the last 567 days — bouncing between the 3.6% demand zone and the 6% supply zone.
The recent price action shows a rejection from the top of the range and now heading toward the mid or lower part of the channel. A minor trendline (in red) had shown some short-term support, but it looks weak now.
As long as this range holds, true altseason may remain on pause. The big move will come only when USDT.D breaks out or breaks down from this range.
The recent price action shows a rejection from the top of the range and now heading toward the mid or lower part of the channel. A minor trendline (in red) had shown some short-term support, but it looks weak now.
As long as this range holds, true altseason may remain on pause. The big move will come only when USDT.D breaks out or breaks down from this range.
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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.