Post #48626

#USDT.D has broken down from a descending triangle pattern and is currently it is under going for a retest of the breakdown level. The 21MA and 50MA are both acting as strong resistance barriers above the current price action. If the retest is successful and resistance holds, it could confirm further downside in USDT Dominance which may support bullish momentum in the broader crypto market. It’s important to note that USDT Dominance often exhibits an inverse correlation with the broader cryptocurrency market.