DigiByte/Tether (DGBUSDT) Market Overview: 2025-09-20

• DigiByte/Tether (DGBUSDT) traded in a 0.0081–0.00824 range over 24 hours, closing near key resistance.
• Price broke above 0.00823 but failed to sustain, signaling potential bearish pressure.
• Strongest volume surge occurred at 0.00823–0.0083, suggesting significant accumulation or selling.
• RSI showed overbought conditions late afternoon, followed by a sharp reversal.
• Volatility expanded in the last 6 hours, with Bollinger Bands widening.

DigiByte/Tether (DGBUSDT) opened at 0.00812 on 2025-09-19 12:00 ET, rose to 0.00841, and closed at 0.00819 on 2025-09-20 12:00 ET. Total volume amounted to 29,216,214.9 units, and turnover reached approximately $237,931. The 24-hour period featured rising volatility and a key pivot near 0.00823.

Structure & Formations

The chart formed a bullish engulfing pattern on the 15-minute timeframe at 0.00815–0.00818 early in the morning, signaling short-term buying pressure. This was followed by a bearish harami at 0.00821–0.00823 in the afternoon, suggesting indecision and a potential reversal. A strong bullish wedge formed between 0.0082 and 0.0083, with the price breaking out and retesting the upper boundary before consolidating. Key support levels were identified at 0.00815, 0.0081, and 0.00807, while resistance levels were seen at 0.00823, 0.00828, and 0.00832.

Moving Averages

The 15-minute 20-period and 50-period moving averages crossed over in the morning, suggesting a short-term bullish bias. On the daily chart, the 50-period moving average (DMA) was above the 200-period moving average, indicating a slightly bullish trend. The 100-period moving average served as a pivot point in the midday trading session, with price action frequently bouncing off this level.

MACD & RSI

The MACD line crossed above the signal line in the morning, confirming the bullish bias. However, the histogram began to contract in the afternoon, hinting at weakening momentum. RSI moved into overbought territory near 0.00832 but quickly reversed, dipping into neutral territory by the close. This suggests short-term exhaustion among bullish traders and potential for a pullback in the next 24 hours.

Bollinger Bands

Volatility expanded significantly in the last six hours of the 24-hour window, with Bollinger Bands widening from a range of ±0.00005 to ±0.00013. Price closed near the upper band at 0.00823–0.00832, indicating strong short-term momentum but also the risk of a reversion to the mean. A contraction in the bands during the morning session suggested a period of consolidation before the breakout.

Volume & Turnover

Trading volume surged most notably between 0.00823 and 0.00832, with a peak at 0.00831 where 865,319.0 units changed hands. Notional turnover mirrored this pattern, with a spike at the same price level. However, a divergence between price and volume occurred in the last two hours, as price fell while volume remained elevated—suggesting a tug-of-war between buyers and sellers.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from 0.00812 to 0.00832, key levels were identified at 0.00823 (38.2%) and 0.00828 (61.8%). The price tested the 61.8% level but failed to close above it, suggesting a potential barrier for further upward momentum. On the daily chart, the 50% Fibonacci level at 0.00824 acted as a psychological pivot, with price rebounding and consolidating in that range.

Backtest Hypothesis

Given the identified key support/resistance levels and patterns, a backtest strategy could involve a short-term breakout and mean reversion approach. A long entry at 0.00823 with a stop-loss just below 0.0082 and a take-profit at 0.00829 could capture the early breakout momentum. Alternatively, a short entry could be considered if the price fails to hold above 0.00823, with a stop above 0.00825 and a target at 0.00819. These levels are consistent with the 15-minute MACD and RSI signals, offering a high-probability setup in a volatile yet defined trading range.