DigiByte/Tether (DGBUSDT) Market Overview for 2025-10-04

• DigiByte/Tether (DGBUSDT) closed near the session low, with bearish momentum and low volatility.
• Key resistance at 0.00838–0.00842 and support at 0.00824–0.00828 were tested multiple times.
• Volume declined in the latter half of the session, indicating waning interest and potential consolidation.
• RSI and MACD signaled weakening bullish momentum, while Bollinger Bands narrowed, hinting at a possible breakout.
• A bearish breakdown below 0.00824 could target 0.00818, with Fibonacci retracements suggesting key levels.

DigiByte/Tether (DGBUSDT) opened at 0.00837 on 2025-10-03 at 12:00 ET and reached a high of 0.0087 before closing at 0.00808 on 2025-10-04 at 12:00 ET. The pair traded between 0.00801 and 0.0087 over the 24-hour period. Total volume amounted to approximately 138,930,464.1 units, with a notional turnover of roughly $1,116,054.

Structure & Formations

The 15-minute chart revealed several key support and resistance levels. Resistance clustered between 0.00838 and 0.00842 was repeatedly tested and failed to hold, particularly during the afternoon. The strongest support was at 0.00824–0.00828, where price found multiple bounces before a breakdown to 0.00818. A bearish engulfing pattern emerged around 2025-10-04 at 03:15–03:30 ET, confirming a shift in sentiment. A doji at 07:30–07:45 ET signaled indecision before the final leg down.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs showed bearish alignment, with price consistently closing below both. The 50-period SMA acted as a dynamic resistance line during the early afternoon before being breached. On the daily chart, the 50, 100, and 200-period SMAs were all aligned in a downward bias, reinforcing the bearish trend and suggesting that further downside may be supported by the structure of these key averages.

MACD & RSI

The MACD line turned negative in the early evening, with bearish divergence forming in the histogram, reinforcing the bearish bias. The RSI moved into oversold territory below 30 for several hours, indicating extreme bearish pressure. Despite the low RSI, price continued to fall, suggesting the trend may persist for the near term.

The Bollinger Bands showed a period of contraction between 2025-10-04 at 00:00–03:30 ET, followed by a sharp expansion as price broke lower. This suggests increased volatility and a potential continuation of the downward trend. Price closed well below the 20-period moving average, sitting in the lower half of the bands, indicating weak momentum and a possible test of lower levels.

Volume & Turnover

Volume surged during the early afternoon as price approached key resistance levels but declined significantly after 2025-10-04 at 07:30 ET. Despite the volume dip, turnover remained elevated, indicating sustained selling pressure. A divergence between volume and price was noted during the final leg down, where volume was relatively low but price continued to fall, suggesting exhaustion in the bearish trend may be near.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.0087 to 0.00801 revealed key levels at 0.00825 (38.2%) and 0.00815 (61.8%). The breakdown below 0.00824 suggests a test of 0.00818 is likely. On the daily chart, the 61.8% level is near 0.00807, which may offer short-term support before further downside is considered.

Backtest Hypothesis

The described backtesting strategy could be effectively applied using the 15-minute chart. Given the bearish engulfing pattern and a breakdown below key support, a short entry at 0.00828 with a stop above 0.00833 and a target at 0.00818 aligns with the recent structure. This setup would benefit from the bearish momentum seen in the MACD and RSI. If the strategy incorporates a trailing stop once the target is reached, it may help capture further moves in a prolonged downtrend. Given the volume profile, the strategy appears to have a reasonable risk-to-reward ratio on the short side for the next 24 hours.