USDT Dominance is gaining momentum from the horizontal demand zone of the descending triangle and is forming a double bottom pattern. The Ichimoku Cloud is acting as a resistance below the pattern's resistance trendline.
A bounce from this level could trigger a strong correction in the crypto market, while a breakdown from the triangle could signal a bullish rally. Keep an eye on these key levels for further developments.
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#USDT DOMINANCE ANALYSIS
USDT Dominance is gaining momentum from the horizontal demand zone of the descending triangle and is forming a double bottom pattern. The Ichimoku Cloud is acting as a resistance below the pattern's resistance trendline.
A bounce from this level could trigger a strong correction in the crypto market, while a breakdown from the triangle could signal a bullish rally. Keep an eye on these key levels for further developments.