#USDT.DOMINANCE CHART UPDATE !

Descending Channel: Dominance is trading within a well-defined descending channel, indicating a controlled downtrend.

Resistance Zone: It is currently approaching the upper boundary of the channel and a horizontal resistance zone near 4.30%-4.32%. This confluence zone could act as a rejection point.

Potential Downside: Failure to break this resistance zone could lead to a downward move toward the lower boundary of the channel, around 3.80%-3.90%.

Bearish Bias: Dominance remains under bearish pressure as long as it remains within the descending channel.

If there is a breakout above 4.32%, it could temporarily turn the sentiment bullish, indicating a reversal or a temporary halt to upward momentum.

Let me know if you’d like further assistance or adjustments!

DYOR. NFA

https://www.tradingview.com/chart/USDT.D/eECufSaL-USDT-DOMINANCE-CHART-UPDATE/