Market Overview for DigiByte/Tether (DGBUSDT)

Summary
• DGBUSDT formed a bearish engulfing pattern at the high of 0.0066, signaling potential short-term weakness.
• Volatility expanded after 20:45 ET, with price dropping to 0.00617 amid high turnover and volume.
• RSI approached oversold territory by 09:15 ET, suggesting a possible short-term rebound.
• Price tested and held above the 0.0062 Fibonacci 38.2% level, indicating near-term support.

DigiByte/Tether (DGBUSDT) opened at 0.00649 on 2026-01-05 12:00 ET and reached a high of 0.0066 before closing at 0.00616 on 2026-01-06 12:00 ET. The 24-hour low was 0.00607, with a total trading volume of ~64.1 million DGB and notional turnover of ~$406,330.

Structure and Key Levels

The price formed a bearish engulfing candle at the session high of 0.0066, which could signal a reversal in upward momentum. Support levels were confirmed at 0.0062 and 0.00617, with the latter acting as a critical floor during a sharp selloff after 20:45 ET. A doji near the 0.00623 level around 03:15 ET suggested indecision.

Indicators and Momentum

The RSI dipped close to oversold territory in the early hours, hinting at potential buying interest, but failed to trigger a sustained rally. MACD showed bearish divergence during the late ET hours, aligning with the price drop. Bollinger Bands widened as volatility increased, with price settling near the lower band by 09:15 ET, suggesting a short-term bottoming process.

Volume and Turnover Analysis

Volume surged during the selloff from 0.0066 to 0.00617, with a high-volume bar at 20:45 ET confirming bearish momentum. Turnover spiked to ~$139,690 during that candle, far outpacing average levels. Price and turnover aligned during the decline, showing conviction in the move lower.

Fibonacci and Trend Analysis

The 0.0062 Fibonacci 38.2% retracement level served as a key support during the overnight decline. A breakdown below 0.0062 could target 0.0061, though the 0.00617 level may offer a temporary floor. On the 5-minute chart, a 20-period MA crossed below the 50-period MA during the selloff, reinforcing bearish bias.

The next 24 hours could see a short-term rebound from the 0.0062–0.00617 range, especially if RSI shows divergence. However, a break below 0.0061 could accelerate further selling. Investors should remain cautious as volatility remains elevated and trend clarity has yet to emerge.