USDT.D%( USDT ) is currently trading inside a Potential Reversal Zone(PRZ), while moving within an Ascending Channel over the past 12 days.

The key trading levels of 8.54% and 8.49% further strengthen the importance of this reversal area.

Can USDT.D% continue rising toward 8.65%, or is a bearish reversal approaching?

Technical Analysis

From an Elliott Wave perspective, USDT.D% appears to be completing an upward corrective structure, most likely in the form of a Double Three Correction(WXY).

I expect USDT.D% to continue its bullish move over the coming hours and advance toward the upper trendline of the Ascending Channel and the Resistance Zone.

💡 Educational Note: USDT Dominance often moves inversely to the cryptocurrency market. A rise in USDT.D% may indicate that capital is moving out of cryptocurrencies and into stablecoins.

Therefore, further upside in USDT.D% could put downward pressure on Bitcoin and the broader cryptocurrency market.

Trade Setup

Take Profit(TP): 8.65%

Stop Loss(SL): 8.40%

Key Trading Levels: 8.54% _ 8.49%

Which level do you think USDT.D% will reach first?

🟢 8.65%

🔴 8.40%

📌 USDT Dominance Analysis(USDT.D), 4-hour time frame.

🛑 Always use proper risk management and set a Stop Loss(SL) for every position.

🚀 If this analysis helps your trading plan, a BOOST would help more traders discover it.