USDT Dominance is trading above the horizontal demand zone within a descending triangle pattern, indicating short-term support at this level.
However, the Ichimoku Cloud is acting as a resistance barrier above the current price, limiting upside momentum.
A decisive breakout or breakdown is needed to confirm the next directional move, so patience is key.
It’s important to note that USDT Dominance often exhibits an inverse correlation with the broader cryptocurrency market.
