USDT Dominance Near ATH, More Bearish Signal for Crypto?

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USDT Dominance Near ATH, More Bearish Signal for Crypto?Market Cap USDT Dominance, %CRYPTOCAP:USDT.DunichartzUSDT Dominance 2W Chart USDT Dominance testing its all-time highs again at 9.4-9.5%, after its recent up-swing from the initial breakout support levels of 8.0-8.5%. Key Levels of Importance: ATH resistance at 9.4-9.5%; 7% S/R levels as a flipped zone support around 3.8-4.1%. What this means: Higher USDT.D denotes less risk appetite for crypto assets, a flight towards safety within the stables. If USDT.D breaks above its all time highs then we can expect more risk-off action in the market. If rejection occurs, and we break below 7%, then risk-on activity is back on. In conclusion. Keep your eyes peeled for the 9.4-9.5% level – hold it and the market turns risk-off, reject and crypto could get a reprieve. DYOR, NFA