USDT Dominance (USDT.D) has formed a bearish inverted cup and handle pattern, pointing to a big move soon!
The weekly chart of USDT dominance shows a clear bearish inverted cup and handle pattern, with a significant breakdown below the neckline. The projected target suggests a potential 60% decline, which could take the dominance to the 1.6-2% range.
This might indicate a shift in market dynamics, with capital rotating from stablecoins into altcoins or Bitcoin. A key moment to watch for crypto traders.
What’s your take on this? Could this spark an altcoin rally?