USDT.D ANALYS

The daily chart of Tether dominance indicates that it has been moving within a long-term descending channel. Recently, it has broken above the mid-line of the channel and is now attempting to reach the upper boundary. It is expected to touch the 5.3% level, after which further analysis will be required to determine whether it will break above the channel's resistance or retrace toward the lower boundary. A move toward the lower boundary could serve as a strong signal for the beginning of an alt-season.