#USDT DOMINANCE ANALYSIS
#USDT.D is trading within a symmetrical triangle. Currently, the price is being rejected from the Ichimoku Cloud resistance barrier.
Meanwhile, 200MA is providing support beneath the current price action, indicating a potential bounce if the price reaches this level.
However, if #USDT.D breaks below the 200MA, it could signal a decline in dominance, potentially leading to an upward movement in the broader crypto market, as USDT.D typically moves inversely to overall market trends.
Traders should closely monitor these technical levels for signs of a breakout or breakdown to inform their trading strategies.
