DigiByte Surges 11.32% in 7 Days as Bullish Reversal Pattern Confirmed

DigiByte (DGB) has recently demonstrated a significant bullish reversal pattern, breaking out of a traditional rounding bottom formation. This breakout occurred after months of price declines, with the cryptocurrency surging above key technical levels. The rounding bottom pattern, which formed on the daily chart, indicates a long-term accumulation phase. The price dipped to $0.006 in late June, creating a smooth curved base after falling from highs of $0.013. Since then, bulls have gradually pushed DGB higher, signaling renewed confidence in the asset and highlighting a potential trend shift from bearish to bullish.

DGB has successfully broken above a crucial neckline resistance zone between $0.0083 and $0.0087. This level, which previously acted as a supply zone, is now being reclaimed as support. Additionally, the price is holding above both the 9-day Exponential Moving Average (EMA) at $0.00855 and the 50-day Simple Moving Average (SMA) at $0.00823. This crossover, known as a golden cross, is a highly bullish indicator. Volume has also played a supportive role, with DGB’s trading volume reaching 8.45 million, providing significant backing for the recent breakout. Sustained volume is essential for the continuation of this upward trend.

If DGB maintains support above $0.0085, bulls could drive the price to the next targets at $0.010 and $0.012. These levels are situated near the mid and upper range of the cup formation. The market structure suggests sustained accumulation, with the breakout from the rounding bottom indicating strong buying interest. However, if DGB fails to hold above the reclaimed zone, it could experience a pullback to $0.0078–$0.0082, which would likely act as a secondary base for consolidation. Despite this potential pullback, the overall momentum remains bullish. With rising volume and technical strength, the next few trading sessions will be critical for DGB’s breakout continuation.

DigiByte is currently trading at $0.008968, reflecting an increase of 0.38% over the last 24 hours and an increase of 11.32% over the last 7 days. A confirmed trend reversal appears to be underway, with technical indicators flashing green for more bullishness ahead. The breakout provides room for a potential rally to $0.0100 and $0.0120 as accumulation transitions to trend continuation. This bullish structure and strong momentum position DGB for further gains in the near future.