The chart shows a clear long-term descending trendline acting as resistance since mid-2023. After multiple failed attempts to break this trendline, USDT dominance has broken below a key horizontal support around ~4.35% on strong bearish momentum.
- Weekly close below the ~4.35% horizontal support.
Next key support zone: ~3.65–3.70% (marked by previous 2023 lows).
- Strong bearish engulfing candle confirming breakdown.
- Bearish continuation expected if dominance remains below 4.35%.
Further drop of the usdt dominance will start the altseason
Cheers
GreenCrypto
- Weekly close below the ~4.35% horizontal support.
Next key support zone: ~3.65–3.70% (marked by previous 2023 lows).
- Strong bearish engulfing candle confirming breakdown.
- Bearish continuation expected if dominance remains below 4.35%.
Further drop of the usdt dominance will start the altseason
Cheers
GreenCrypto
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🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
Related publications
Disclaimer
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📢 Telegram Channel: t.me/getgreencrypto
🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
Related publications
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.