An analyst has discovered a bearish pattern on the USDT dominance chart, which may indicate an upcoming rally in the altcoin market. This pattern suggests a shift in trading dynamics, possibly leading to increased investment and interest in altcoins as USDT's dominance wanes. Altcoin investors and traders might be preparing for potential opportunities.
USDT, being a stablecoin, usually signifies a conservative stance when dominant. The observed pattern could mean that traders are starting to move their funds into higher-risk altcoins, anticipating price gains. If this trend continues, it could spark considerable activity and possible gains in the altcoin sector.
