#USDT.D The picture for stablecoin dominance remains the same - the wedge has been broken, and the bullish reversal pattern (ПГИП) is still in play. This isn't the most encouraging signal for market growth because an increase in USDT.D usually puts pressure on the market. However, with Bitcoin's dominance falling, altcoins are holding up pretty well, which prevents the market from collapsing outright.
Right now, dominance has reacted from the 7.89-7.93% zone. If this level can't be breached immediately, it makes sense to expect a pullback for a refill in the 7.65-7.58% range. There's a local support zone and the EMA50 on the 4H chart, from where we can look for a new attempt at growth.
If the 7.58-7.65% levels hold, USDT.D could push higher for a full realization of the ПГИП. The nearest targets above are 7.89-8.00-8.27%, and beyond that, 8.56%. However, if stablecoin dominance settles below 7.58%, the growth scenario will start to weaken, and the market might get more room for a bounce.
Scenario for USDT.D
Growth after a pullback
Reaction zone: 7.65-7.58%
Targets: 7.89-8.00-8.27-8.56%
Cancellation: settlement below 7.58%
For now, this isn’t a signal that all is lost, but it’s too early to relax. USDT.D is at a crucial zone - it either breaks above immediately and the market will likely bleed, or it goes for a refill, giving altcoins a bit more breathing room.