DGBUSDT Market Overview for 2025-11-09

Summary
• DGBUSDT opened at $0.00904 and closed near $0.00916 after a volatile 24-hour session.
• Price broke out above key resistance at $0.00915, supported by rising volume and bullish momentum.
• RSI entered overbought territory, suggesting potential consolidation or pullback ahead.

DigiByte/Tether (DGBUSDT) opened at $0.00904 on 2025-11-08 12:00 ET and closed at $0.00916 by 2025-11-09 12:00 ET, reaching a high of $0.00947 and a low of $0.00856. Total 24-hour volume was 95.5 million DGB, and turnover was $830,500.

The pair displayed a strong bullish bias following a multi-hour bullish breakout above the $0.00915 resistance level. A large bullish candle with high volume confirmed the move, while a 20-period EMA (15-min chart) crossed above the 50-period EMA, suggesting continued upside potential. On the daily chart, price is above both the 50 and 200-period SMAs, reinforcing the bullish sentiment.

Volatility remained elevated, with Bollinger Bands widening, indicating increased participation and uncertainty. Price hovered near the upper band during the breakout, a sign of strong buying interest. RSI hit overbought levels, and MACD showed a positive divergence, suggesting potential for further gains or a temporary pullback for consolidation.

Fibonacci retracement levels from the recent low at $0.00856 to the high at $0.00947 suggest key support at $0.00895 (38.2%) and resistance at $0.00934 (61.8%). A close above $0.00934 could trigger a test of the upper Bollinger Band.

The backtesting strategy of buying DGBUSDT on RSI oversold conditions from 2022 to present showed mixed but potentially profitable outcomes. While the strategy achieved a total return of 140.87%, it also faced significant drawdowns. The RSI entering overbought territory today raises a cautionary note, as the historical drawdown of -26.82% suggests risks during extended bullish moves.