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#Will November be Moonvember?
DOMINANCE ANALYSIS #USDT
USDT Dominance broke out of the ascending triangle and successfully tested the breakout level, while the Ichimoku Cloud now acts as a resistance barrier and signals a bearish impulse.
This indicates a potential continuation of the downtrend. Given the inverse relationship between USDT dominance and the broader cryptocurrency market, a decrease in dominance may signal an increase in buying pressure on altcoins and a bullish shift in overall market sentiment.