USDT DOMINANCE ANALYSIS

USDT Dominance is facing rejection from the resistance trendline of the descending triangle pattern and is currently trading above the horizontal demand zone. The Ichimoku Cloud is acting as a resistance barrier.
A breakdown below the demand zone could lead to further downside however, a rebound from this level is also possible. Keep an eye on further price action developments.
It s important to note that USDT Dominance often exhibits an inverse correlation with the broader cryptocurrency market.