Market Overview for DigiByte (DGBUSDT) – 2025-07-29

• DigiByte (DGBUSDT) traded in a tight range during early hours before declining to a 24-hour low near $0.0091.
• Price action shows consolidation around $0.0093 with a bearish bias in the latter half of the day.
• Volatility expanded in the 24-hour period, with volume spiking during the downward leg.
• RSI and MACD suggest waning momentum, with RSI entering oversold territory near $0.0091.
• A potential short-term support is forming at $0.0091–0.00915, with resistance near $0.0093–0.0094.

DigiByte (DGBUSDT) opened at $0.00953 on 2025-07-28 at 12:00 ET and closed at $0.00934 on 2025-07-29 at 12:00 ET, with a 24-hour high of $0.00955 and a low of $0.00909. Total volume amounted to ~42.1 million DGB, with a notional turnover of ~$391,000.

Structure & Formations

DGBUSDT traded in a descending channel for much of the 24-hour period, with price forming a bearish engulfing pattern around $0.0094 and a potential bearish divergence in the latter half. The price found temporary support near $0.0091 before consolidating. A doji formed near $0.00913, signaling indecision and a possible reversal point. Key support levels are forming around $0.0091–0.00915, while resistance appears near $0.0093–0.0094.

Moving Averages

On the 15-minute chart, price remained below both the 20-period and 50-period moving averages for most of the period, indicating a bearish bias in the short term. The 50-period line acted as a minor resistance in the early hours, while the 200-period daily MA remains above the current price, suggesting a longer-term bearish trend.

MACD & RSI

MACD showed bearish divergence with price, especially during the drop to $0.0091, indicating weakening bullish momentum. RSI dipped below 30 in the final hours of the period, reaching ~29, suggesting the pair may be oversold. However, RSI remains within a broader neutral range, and a rebound could be in play if the short-term support holds.

Bollinger Bands

Volatility expanded during the 24-hour period, with price testing the lower Bollinger Band multiple times. The most significant contraction occurred around $0.0093–0.00935, followed by a break lower. Price has since remained near the lower band, indicating bearish pressure. A break above the mid-band could signal a potential reversal.

Volume & Turnover

Volume spiked during the downward leg, particularly in the 23:15–01:45 ET window, with the most notable volume spike at $0.0092–0.00925. Notional turnover confirmed the price action, showing higher turnover during bearish moves. However, a divergence in volume and price is observed in the final hours, with price stabilizing despite declining volume.

Fibonacci Retracements

Applying Fibonacci to the key 15-minute swing from $0.00955 to $0.00909, the 38.2% and 61.8% retracement levels are at $0.00933 and $0.00942, respectively. These levels may serve as potential areas of interest for short-term traders. On the daily chart, the 50% retracement from a broader move is near $0.0093, which aligns with recent consolidation.

DigiByte’s price action on the 24-hour chart suggests a bearish consolidation pattern with potential for a short-term rebound from key support levels. If the $0.0091–0.00915 range holds, traders may look for a bounce back toward $0.0093. However, a break below $0.0091 could signal further downside. Investors should monitor volume behavior and RSI for signs of a reversal or continuation. As always, market conditions can shift rapidly, and proper risk management is essential.