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USDT Dominance has been trading in a clear descending channel for months, indicating a long-term bearish trend. Price is currently testing the upper boundary of the channel, which has acted as strong resistance in previous attempts.
Around 4.40%, there is significant resistance formed by the descending channel's upper trendline. A rejection here could lead to a continuation of the bearish momentum. Immediate support lies near 4.00%, aligning with the midpoint of the channel.
If dominance continues to decline, the next major support zone is at 3.60%, with further downside potential to 3.20% and 2.80% if the bearish structure persists.
The green dashed lines suggest potential bearish movements if resistance holds, leading to a continuation toward the lower channel boundary.
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Bitcoin is trading within a well-defined ascending channel, indicating a bullish trend in the medium term. The price is near the lower trendline support, suggesting a potential bounce. Support Zone: $92,000 – $94,000 (green area) This zone has provided strong support during successive pullbacks. Resistance Zone: $100,000 – $102,000 Bitcoin has struggled to break this level, which is a major resistance. If BTC maintains the current support and breaks the $100,000 resistance, the next target could be the upper channel boundary around $110,000 or above. A breakdown below $92,000 could invalidate the ascending channel, with a potential decline to $88,000 or lower.
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Breaking News: USDT to Be Delisted in Europe on December 30! In just 3 days, all Europe-based exchanges will officially delist USDT (Tether). This major move could lead to temporary market volatility, especially for trading pairs involving USDT.
XRP/USDT Long Trade Setup Entry Price: CMP ($2.1716) or $2.12 Stop Loss (SL): $2.08 Target (TP): 15% to 20% 15% Target: $2.44 20% Target: $2.54 Leverage: 5x to 10x Let me know if you’d like further assistance or adjustments! DYOR. NFA
Current Market Price (CMP) and $0.03460 Stop Loss (SL): 0.03390 Leverage: 5x to 10x Target: 12% to 15% (Price target: approximately 0.03870 to 0.03980)
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BTC appears to be trading within an ascending channel. The chart shows a bullish medium-term structure. The price is currently testing the lower trendline support within the channel.
A crucial support area is marked between $94,000 – $92,000 (green area). This is a crucial level for a bounce. Any break below this support could invalidate the channel and lead to further upward pressure.
Resistance lies around $100,000 – $102,000 (orange area), which has been tested multiple times. A breakout above this level could spark a bullish push towards the upper trendline of the channel or new highs.
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Resistance: 4.30% – 4.40% Support: 4.10%, followed by 4.00% USDT dominance appears to be consolidating near key levels, with a likely continuation of its downtrend unless significant bullish momentum emerges. Monitor for a breakdown of the support zone, as it could impact overall market liquidity dynamics.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always do your own research and consult a financial advisor before making any investment decisions.For updates on other coins or personalized insights, feel free to reach out via DM.Contact: @Peter_CSAdmin
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
The price is currently bouncing off the mid-level of the channel, aiming for the upper resistance near $110,000. $92,500–$95,000 (green area): This is a strong horizontal support area that aligns with the lower boundary of the channel. It has been tested multiple times and is holding well.
A breakdown below this area could signal a move towards $85,000 or lower. $100,000 (psychological resistance): A crucial level that needs to be cleared for the uptrend to continue. $110,000: Upper channel resistance and next major target.
The 21-MA (black line) is acting as immediate support, while the 50-MA (red line) is moving upwards, indicating bullish momentum.
Bitcoin recovering and continuing to stay above the moving averages is a positive sign.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
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The chart shows that USDT dominance is moving within a well-defined descending channel. The price has recently moved closer to the upper boundary of the channel, marked by the orange resistance area around 4.60%.
4.60% (orange area): This resistance has rejected price action several times before, which suggests strong selling pressure. Any failure to break above this level could result in another downward move.
4.00%–3.80% (green area): This is the crucial support area within the channel. A break below this could push dominance further down, potentially towards 3.60% or lower. The surge in volume during previous rejections at the upper boundary suggests strong bearish momentum.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.