Market Overview for DigiByte/Tether (DGBUSDT) – 24-Hour Technical Summary

Summary
• DGBUSDT tested key resistance near $0.00585 but failed to hold above.
• Volume surged during a 20:30–21:45 ET sell-off, confirming bearish momentum.
• RSI entered oversold territory near 28, suggesting potential for a near-term bounce.
• Bollinger Bands widened in the final 4 hours, signaling increasing volatility.
• A morning bullish engulfing pattern may offer short-term support at $0.00579.

DigiByte/Tether (DGBUSDT) opened at $0.00581 on 2025-12-14, reached a high of $0.00588, and a low of $0.00570, closing at $0.00578 on 2025-12-15 at 12:00 ET. Total volume for the 24-hour period was 24,994,724.5, with a notional turnover of approximately $139,157.

Structure & Formations

DGBUSDT faced resistance at $0.00585 and broke below key support at $0.00577, forming a bearish engulfing candle during the sell-off. A morning bullish engulfing pattern appeared near $0.00579, potentially marking near-term support. A doji formed at $0.00577, signaling indecision.

Moving Averages

On the 5-minute chart, the 20 and 50-period moving averages remained in a downward trend, with price closing below both in the last 24 hours. Daily 50, 100, and 200-period averages are bearishly aligned, reinforcing a cautious stance.

Momentum Indicators

MACD turned negative and crossed into the bearish zone, suggesting continued downward pressure. RSI dropped to 28, entering oversold territory and indicating a potential rebound could be in the cards.

Volatility and Bollinger Bands

Bollinger Bands expanded in the final four hours, reflecting heightened volatility. Price closed near the lower band, signaling potential for a bounce.

Volume and Turnover

Volume spiked during the 20:30–21:45 ET window, aligning with the sharp sell-off. Turnover increased in tandem with price action, confirming the bearish move. No significant divergence was observed between price and turnover.

Fibonacci Retracements

A key 61.8% Fibonacci level was found near $0.00577, where price paused and reversed slightly. The 38.2% level sits at $0.00583, which may see renewed testing in the near term.

The morning bullish pattern and oversold RSI suggest a potential short-term bounce could be in play, but the broader technical picture remains bearish. Investors should be cautious of a retest of support levels and watch for any divergence between price and momentum.