Why is USD.Z’s price down today? (29/07/2025)

Question

Accepted Answer

## TLDR  
Zether USD (USD.Z) dipped 0.95% in 24 hours due to technical resistance and thin liquidity amplifying broader crypto market weakness.  
1. **Bearish MACD crossover** (-0.004 histogram) signals weakening momentum  
2. **Low liquidity** (0.00138% turnover) magnified selling pressure  
3. **BTC dominance rising** (+0.39% in 24h) diverted capital from alts

## Deep Dive  
### 1. Technical context  
The price stalled at the **$1.16 Fibonacci 23.6% resistance** level (swing high: $1.20, low: $1.03), triggering profit-taking. Key metrics:  
- **MACD histogram turned negative** (-0.004) for the first time in 7 days, confirming bearish divergence  
- **RSI(14) at 59.7** retreated from near-overbought territory (70+), easing buying urgency  
- Pivot point at $1.15 became resistance-turned-support, tested twice in 24h

### 2. Market dynamics  
USD.Z mirrored the **1.69% crypto market dip** (29 July 2025 data), exacerbated by:  
- **BTC dominance climbing to 60.59%** (+0.39% in 24h), pressuring altcoins  
- **Altcoin Season Index at 40/100** (-20% weekly), signaling risk-off rotation  
- **$1.59M 24h volume** (+141% vs prior day) concentrated in sell orders, per spike in volume/price divergence

## Conclusion  
USD.Z’s dip reflects technical profit-taking amplified by sector-wide risk aversion and fragile liquidity—a combination that could prolong volatility until Bitcoin’s dominance trend reverses. *Will USD.Z’s 30-day SMA at $1.12 act as reliable support if macro sentiment worsens?*

Latest Zether USD (USD.Z) Price Analysis

TLDR

Deep Dive

1. Technical context

2. Market dynamics

Conclusion