Market Overview for DigiByte/Tether (DGBUSDT) - October 24, 2025

• DigiByte/Tether (DGBUSDT) traded in a narrow range today, with a 24-hour high of $0.00638 and low of $0.00610, showing limited momentum.
• Price found temporary resistance around $0.0063 and support near $0.00620, with no decisive breakouts in either direction.
• Volume increased significantly during the late-ET hours, coinciding with a brief upward push toward $0.00638 but failed to confirm a bullish breakout.
• RSI showed overbought conditions in the late session, but failed to sustain above 65, suggesting limited conviction behind the rally.
• Bollinger Bands remained compressed for most of the day, indicating low volatility, though a moderate expansion occurred after 04:00 ET.

DigiByte/Tether (DGBUSDT) opened the 24-hour period at $0.00617 and closed at $0.00619, reaching a high of $0.00638 and a low of $0.00610. The pair experienced total volume of approximately 35.2 million DGB and notional turnover of roughly $221,800. The price action reflects a cautious, range-bound market, with key support and resistance levels influencing short-term sentiment.

On the 15-minute chart, price remained within a tight consolidation pattern between $0.00619 and $0.00638. The 20-period and 50-period SMAs were nearly aligned, with both lines trending slightly higher. No bullish or bearish divergences appeared on the 15-minute time frame, though a bearish engulfing pattern was visible at the high of $0.00638 during the 04:45 ET session. This suggests a potential reversal point. The 50-period SMA may act as a near-term support level, currently at ~$0.00623.

MACD lines showed a weak but positive divergence in the late ET hours, peaking at 04:45 ET during the attempted breakout. The RSI-14 reached 66.4 at the high but quickly declined, indicating buyers lacked strength to maintain the rally. A bearish crossover between the RSI and its signal line occurred shortly after the high, reinforcing the likelihood of a consolidation phase.

Bollinger Bands remained compressed for most of the day, narrowing volatility between 02:00 and 04:00 ET. A moderate expansion began at 04:00 ET, with price closing near the upper band at $0.00638. This may signal a potential overbought condition, but without a strong close above the band, it may only be a false breakout. Price appears to be trading within a defined channel between the 61.8% Fibonacci retracement level (~$0.00623) and the 38.2% level (~$0.00631), with volume confirming activity around the 50% level.

Backtest Hypothesis

The proposed backtest strategy involves a rule-based system using RSI-14 to identify potential overbought conditions in DGBUSDT. Based on the observed price behavior today, where RSI briefly exceeded 66 but failed to remain above 70, the signal would not have triggered a long entry. However, the strategy’s logic could be refined to incorporate additional filters, such as confirming the RSI overbought signal with volume spikes or candlestick patterns like the bearish engulfing seen at the high.

To execute the backtest from 2022-01-01 to 2025-10-24, we first need to confirm the correct asset base information for DGBUSDT or an alternative ticker, as the current data retrieval for RSI-14 is failing. Once the correct symbol is confirmed, we can proceed with either retrieving the RSI data or computing it from raw OHLC data. This will allow us to test the strategy's viability and optimize parameters such as take-profit and stop-loss levels.

Looking ahead, DGBUSDT is likely to remain range-bound with limited directional bias in the near term. A break above $0.00638 could rekindle bullish momentum, but without confirmation through volume or a sustained close above the upper Bollinger Band, a pullback into consolidation appears probable. Traders should remain cautious around $0.00638 resistance and monitor for any divergence in the RSI or MACD that could signal an impending reversal.