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$USDT DOMINANCE UPDATE
USDT dominance is forming a tightening triangle structure and continues to hold strong above its support. Price is compressing, suggesting that pressure is building for a breakout.
If we see an upside breakout, it could lead to a strong move higher in dominance, which would likely put pressure on the broader crypto market.
The EMA is also acting as solid support, we previously saw a clean bounce from it, and price is reacting in a very similar way again.
For now, this is a key area, and the next move looks close.
DYOR. NFA.
#Crypto #Alts