Current Market Structure:
Breakout Confirmation: USDT Dominance has broken out of its descending trendline and is now in a retest phase.
50MA as Support: The 50-week moving average now acts as dynamic support, reinforcing the bullish outlook.
Rejection or Breakout? The price is currently testing resistance. If it gets rejected, a temporary pullback is likely before further gains.
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DYOR. NFA
Breakout Confirmation: USDT Dominance has broken out of its descending trendline and is now in a retest phase.
50MA as Support: The 50-week moving average now acts as dynamic support, reinforcing the bullish outlook.
Rejection or Breakout? The price is currently testing resistance. If it gets rejected, a temporary pullback is likely before further gains.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
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