Tether Dominance Decline Not Over

We see Tether Dominance (USDT.D) declining slowly since 18-June... But, is it over?

Not likely.

The downtrend is only getting started and the chart signals and indicators continue pointing to lower prices.

USDT.D just hit a support level recently around ~7.10%.

After a small bounce, we are likely to test EMA300/MA200 at 6.66% - 6.75%.

Followed by 5.70% as the final target short-term.


Conditions for change

If USDT.D moves and closes above 7.56% the short-term bullish bias is compromised but not all is lost.

It needs time to develop.

Namaste.