Yigit Taha OZTURK 
Tether (USDT) Dominance faced rejection from the bearish order block resistance level, as highlighted in the previous analysis, and pulled back to the bullish FVG (Fair Value Gap) support zone. After filling this area, it saw a renewed upward move. While it appears to be facing another rejection from the order block, caution is advised.
From a technical perspective, USDT Dominance is currently consolidating. If the resistance level is breached, a rally towards 5.90% could be triggered. However, if it fails to break above, a return to support levels may be imminent.
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Technical Outlook and Possible Scenarios
The market is at a crucial decision point regarding the direction of Tether Dominance. If the resistance level holds strong and selling pressure increases, a decline towards 5.60% could occur. Conversely, a breakout above this zone might push dominance towards 5.90%.
The price action of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) will be a key factor in determining the next move. A rising USDT Dominance often signals reduced risk appetite, as investors shift towards stable assets. However, an overly dominant USDT could also indicate a bearish trend in the broader market.
If Tether Dominance successfully breaks the resistance, the market could experience increased volatility. A sustained breakout above this level may trigger significant movements in the crypto sector.
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