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$USDT Market Dominance Update
USDT dominance is currently being squeezed within a narrow triangle, clearly showing hesitation as the price swings between resistance and support. The recent bounce from the lower trendline indicates buyers are still active, but the rally continues to be rejected near the descending resistance, keeping the structure under pressure.
In my view, this is a typical accumulation phase where the bullish momentum is compressed before a strong move. A breakout above resistance could lead to short-term weakness in altcoins, while a breakdown below support might trigger strength across the entire altcoin market.
Currently, all eyes should be on the breakout, as it will determine the next direction.
DYOR, NFA
#Alts #Crypto