DigiByte/Tether Market Overview

• Price opened at $0.0082 and closed at $0.00817, with a 24-hour range of $0.0082 to $0.0083.
• The pair saw total volume of ~6.49M and turnover of ~$53,365, with bearish momentum in the final hours.
• RSI remained neutral, while MACD showed bearish divergence as price action softened.
• Volatility expanded in early hours but contracted as the pair approached key support.
• A bearish engulfing pattern formed near $0.0083, hinting at short-term downside pressure.

DigiByte/Tether (DGBUSDT) opened at $0.0082 on 2025-09-16 at 12:00 ET and closed at $0.00817 on 2025-09-17 at 12:00 ET. The pair reached a high of $0.0083 and a low of $0.00813. Total volume for the 24-hour period was ~6.49 million DGB, with a notional turnover of ~$53,365.

Structure & Formations

Price action over the past 24 hours displayed a bearish bias, with a critical support level forming around $0.00815–$0.00816. A bearish engulfing pattern appeared in the early hours at $0.0083, suggesting a potential shift in momentum. A key resistance level appears to be around $0.00828–$0.0083, where buyers previously stalled. A doji formed at $0.00826 around 22:15 ET, signaling indecision and possible reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bearish "death cross" configuration around 21:30 ET, confirming a shift in trend. Price has remained below both moving averages since. On the daily chart, the 50-period MA may serve as a dynamic support at ~$0.00822, with the 200-period MA acting as a longer-term floor at ~$0.00818.

MACD & RSI

The MACD histogram turned negative after 21:00 ET, with the line crossing below the signal line, reinforcing bearish momentum. RSI hovered between 45 and 55 for most of the session, indicating a neutral to mildly bearish environment. A drop in RSI below 45 at 05:00 ET suggested oversold conditions at $0.00813, though it quickly rebounded without a strong price recovery.

Backtest Hypothesis

The backtest strategy described aims to identify short-term bearish setups using a combination of bearish engulfing patterns, MACD crossover below zero, and RSI entering oversold territory. This approach could be integrated into a systematic trading strategy by triggering sell entries when all three conditions align within a 15-minute timeframe. Trailing stops could be placed just above the high of the engulfing candle, with a take-profit target at 61.8% Fibonacci of the recent swing low to high. Given the recent price behavior, this strategy may have been triggered between 21:00 and 22:00 ET.