USDT Dominance is rebounding from the horizontal demand zone of a descending triangle pattern while also forming a potential double-bottom pattern. Further price developments are needed for confirmation.
The Ichimoku Cloud is acting as a resistance barrier above the triangle, indicating bearish momentum.
Given its inverse correlation with the broader cryptocurrency market, a breakdown in USDT Dominance could signal bullish momentum across cryptocurrencies.ℹ️
USDT Dominance is rebounding from the horizontal demand zone of a descending triangle pattern while also forming a potential double-bottom pattern. Further price developments are needed for confirmation.
The Ichimoku Cloud is acting as a resistance barrier above the triangle, indicating bearish momentum.
Given its inverse correlation with the broader cryptocurrency market, a breakdown in USDT Dominance could signal bullish momentum across cryptocurrencies.ℹ️
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