When USDT Tether's dominance goes down, crypto prices go up. The opposite is true also.
The USDT dominance will consolidate until Jan-March 2025, staying above the resistance channel. I don't think it will break down. We already went from 9% to 4%, that's already great! I don't believe the USDT dominance will go down further.
That doesn't mean the price can't go up!
I think we are in Feb 2021. Look at what happened to TOTAL marketcap from Feb to May 2021. It exploded up.
The USDT dominance will consolidate until Jan-March 2025, staying above the resistance channel. I don't think it will break down. We already went from 9% to 4%, that's already great! I don't believe the USDT dominance will go down further.
That doesn't mean the price can't go up!
I think we are in Feb 2021. Look at what happened to TOTAL marketcap from Feb to May 2021. It exploded up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.