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USDT Dominance is currently trading within a horizontal demand zone, with the 200MA providing strong support. A potential bounce from this level is likely. However, the Ichimoku Cloud and the 100MA are acting as significant resistance barriers above the price action.

A decisive breakout or breakdown of this pattern is crucial for determining the next move. Considering its inverse correlation with the broader crypto market, a breakdown in USDT Dominance could signal bullish momentum across cryptocurrencies.

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