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#USDT DOMINANCE ANALYSIS
$USDT DOMINANCE is currently consolidating within a descending triangle pattern. It is facing rejection from the pattern’s resistance trendline while #trading above a key horizontal demand zone. The 50MA is also acting as support beneath the current price action. A breakdown below the #pattern and the demand zone could trigger further downward movement in $USDT Dominance. It’s important to note that $USDT Dominance often exhibits an inverse correlation with the broader #cryptocurrency market. #crypto