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#USDT DOMINANCE ANALYSIS
USDT Dominance has broken down from the ascending triangle pattern and successfully retested the breakdown level, with both the 50MA and 21MA signaling bearish momentum as they now act as resistance barriers.
This suggests a potential continuation of the downward trend, signaling weakening dominance of stablecoins in the market.
Since USDT Dominance often has an inverse relationship with the broader crypto market, a decline in dominance could indicate increased buying pressure in altcoins and a bullish shift in market sentiment.
This makes the current level a key area to watch for potential market reversals or upward trends in cryptocurrencies.
