DGBUSDT Market Overview: Volatility and Momentum in a Bullish 24-Hour Session

• Price surged from $0.00809 to $0.00838, hitting a 24-hour high before retreating near the close.
• Volatility expanded significantly during the session, with high volume concentrated in the late ET morning.
• MACD and RSI indicate overbought conditions, suggesting a potential correction.
• Bollinger Bands show recent expansion, with price near the upper band for much of the session.
• Turnover spiked during bullish moves, confirming strength but pointing to possible exhaustion.

At 12:00 ET on 2025-09-05, DigiByte/Tether USDt (DGBUSDT) opened at $0.00809, surged to a high of $0.00838, dipped to a low of $0.00807, and closed at $0.00811. Total volume for the 24-hour period was 39,885,105.9, while turnover amounted to approximately $323,000. The pair displayed pronounced intraday volatility, driven by a sharp bull move during early ET morning.

Structure & Formations

The price pattern formed a bullish flag after an aggressive 15-minute push from $0.00822 to $0.00824, followed by a consolidation period. A bearish engulfing pattern emerged near the $0.00829 level in the early afternoon, suggesting potential near-term resistance. Key support levels emerged at $0.0081 and $0.00807, where the price found multiple pauses during its descent. A doji at $0.00824 during the 13:45 ET candle suggests indecision at that level.

Moving Averages and Indicators

On the 15-minute chart, the 20-period and 50-period moving averages are trending upwards, reinforcing the near-term bullish bias. The daily chart shows the 50-period moving average at $0.00808, while the 100 and 200-period MAs are slightly lower, indicating a bullish crossover potential.

The MACD turned positive during the morning rally and reached a peak at 0.00009, followed by a bearish crossover suggesting slowing momentum. The RSI peaked at 78, entering overbought territory, and has since retreated to around 60, indicating a possible pullback.

Bollinger Bands and Fibonacci Retracements

Bollinger Bands expanded sharply during the morning rally, with the price trading near the upper band for over two hours. The recent $0.00809 to $0.00838 swing aligns with 38.2% and 61.8% Fibonacci retracement levels at $0.00820 and $0.00829, respectively. The 61.8% level appears to have acted as a minor resistance during the afternoon correction.

Volume and Turnover

Volume spiked during the early morning bull move, particularly around 07:30–08:30 ET, with the 08:30 ET candle showing the largest volume of the day at 1.77 million contracts. Turnover surged in tandem, reaching a peak of $14.4 million during that hour. A divergence emerged between price and volume during the afternoon decline, as volume dropped despite the continued bearish move, signaling weakening bear momentum.

Backtest Hypothesis

Given the overbought RSI, bearish MACD crossover, and Fibonacci resistance at $0.00829, a potential short entry could be considered near $0.00828 with a stop just above the 61.8% retracement level at $0.00830. A target could be placed at the 50% retracement level of $0.00821, with a risk-to-reward ratio of 1:1.5.