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• Price rose from 0.00848 to 0.00895, showing bullish momentum with strong volume support.
• RSI and MACD suggest positive momentum, but signs of overbought conditions emerged near 0.0089.
• Volatility expanded during the session, with
DigiByte/Tether USDt (DGBUSDT) opened at 0.00848 at 12:00 ET–1 and rose to an intraday high of 0.00895, closing at 0.00872 as of 12:00 ET today. Total volume for the 24-hour period was 37.7 million DGB, with turnover reaching $324,433 USD. Price action has shown a strong rally with signs of consolidation at key levels.
Price formed a bullish flag pattern around 0.00869–0.00872, with a breakout at 0.00875 confirmed by increasing volume. A doji appeared near 0.00876 (03:15 ET), suggesting hesitation from buyers. Key support levels are at 0.00869, 0.00866, and 0.00861, while resistance is at 0.00876, 0.00881, and 0.00887.
On the 15-minute chart, price traded above the 20-period and 50-period moving averages, signaling bullish bias. On the daily timeframe, 50/100/200 SMAs are aligned, with price above all three, suggesting strong upward momentum and no immediate bearish divergence.
MACD crossed above the signal line near 09:00 ET, confirming the bullish thrust. RSI climbed into overbought territory (72–78) between 10:00–10:30 ET, indicating potential pullback risks. However, RSI retested key levels (62–65) with strong volume, showing resilience.
Volatility expanded during the day, especially between 03:00 and 09:00 ET, with the bands widening to ~0.00004. Price stayed above the middle band and closed near the upper band at 0.00872–0.00875, signaling continuation potential.
Volume spiked during key breakout phases (e.g., 06:30–09:00 ET and 09:45–10:15 ET), aligning with price highs. Notional turnover (USD volume) reached a peak of ~$30k near 10:00 ET, confirming a breakout attempt. No significant divergence between price and volume was observed.
Fibonacci levels for the 15-minute rally (0.00848–0.00895) show 61.8% retracement at 0.00874, where price stalled. The 38.2% level at 0.00868 was tested but not broken on a closing basis. Daily-level Fibo levels align with resistance at 0.00881 and support at 0.00870, suggesting consolidation may follow.
A potential backtesting strategy involves entering a long position on a close above the 61.8% Fibonacci level (0.00874) with a stop-loss placed below the 38.2% level (0.00868). A take-profit target of 0.00881 (50% daily Fibo) and 0.00887 (next daily resistance) aligns with key technical levels observed today. This setup leverages both Fibonacci retracement and moving average alignment for risk-managed entries.
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