USDT Dominance Update:

We have been analyzing the USDT.D in a bigger timeframe. Today, let's bring it down to the hourly timeframe.

In this one-hour TF, the USDT.D is currently trying its best to push the dominance in an upward direction. With the support at 6.74%, it is most likely to see the USDT.D bouncing back but maybe not up to the resistance trendline. At present, BTC and other altcoins are making green rallies, and soon a correction is required to balance off the market.

On the bullish side, in order to continue the green rally, the USDT.D must break down below the supporting trendline.

I hope this information was helpful. Thank you for reading and trade safely.

#USDT #dominance #BTC