- USDT.D is getting rejected by the MA200 for the second time.
- A massive falling wedge pattern suggests further downside.
- A drop in USDT.D could be bullish for BTC and altcoins.
USDT Dominance Faces Key Resistance at MA200
The USDT Dominance (USDT.D) 3-day chart is showing a crucial rejection at the MA200 level for the second time. This indicates that the dominance of Tether in the crypto Market is struggling to break higher, suggesting a potential decline in the coming months. Historically, when USDT.D moves lower, it often signals increased confidence in riskier assets like Bitcoin and altcoins, as traders rotate out of stablecoins.
Falling Wedge Formation Suggests Further Downside A significant technical pattern forming on the chart is the falling wedge. Falling wedges are typically bullish reversal patterns, but in this context, USDT.D breaking down from this pattern would indicate further downside, aligning with a bullish outlook for the broader crypto market . If the wedge support is tested and fails to hold, we could see USDT.D sweeping the December low.
$USDT.D 3D chart
— CryptoBullet (@CryptoBullet1) March 8, 2025
I think $USDT.D is getting rejected here by MA200 for the second time and in the next few months it will sweep the Dec low 📉
It’s printing a massive Falling Wedge so I believe #USDT .D is gonna have another wave down to the Wedge Support ( should be bullish for… pic.twitter.com/PShfVvspvv
Implications for Bitcoin and Altcoins
A continued decline in USDT dominance means that traders are likely reallocating capital into BTC and altcoins. This shift can act as a catalyst for a strong rally in the crypto market. If USDT.D continues on its downward trajectory, Bitcoin could see increased buying pressure, leading to a new bullish wave.
