USDT Dominance is showing a clear rejection from the descending trendline and 200 MA, similar to the previous 16% drop.
The RSI is turning down from the overbought zone, signalling potential downside.
If this move plays out, we could see USDT.D fall toward the 4.0% zone, which is bullish for Altcoins.
DYRO, NFA
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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.