USDT dominance hits its resistance

٢٧ أكتوبر ٢٠٢٢

As it is clear in the picture, in the 4H timeframe the USDT dominance hits to its resistance area from 7.07% to 7.1%. There is a convergence in MFI and RSI which are both in the oversold area. This indicate a upward movement in the USDT dominance which indicates a bearish move in the crypto market. I strongly suggest to be careful in long positions.