DigiByte/Tether (DGBUSDT) Market Overview – September 24, 2025

• DGBUSDT opened at $0.00758 and closed at $0.0076, with a 24-hour high of $0.00771 and low of $0.00736.
• Price formed a bullish recovery from a 24-hour low, with a bearish divergence on RSI suggesting potential near-term caution.
• Volatility increased during late NY session hours, with Bollinger Bands expanding and volume surging after 22:00 ET.
• Strong bearish candlestick patterns emerged in the early hours, countered by a late rally into the 12:00 ET close.
• Total 24-hour volume reached 24.6 million DGB, and turnover hit $185,275, signaling increased on-chain activity.

Market Summary and Price Action

DigiByte/Tether (DGBUSDT) opened at $0.00758 on September 23, 12:00 ET, reaching a 24-hour high of $0.00771 by 22:30 ET before declining to a low of $0.00736 in early morning trading. By the final candle on September 24 at 12:00 ET, the pair closed at $0.0076, showing a modest bullish bias. Total volume across the 24-hour window was 24.6 million DGB, with notional turnover at $185,275. The price action suggests a tug-of-war between bearish early momentum and a late rally.

Structure & Formations

A key support level appears to have formed around $0.00745 to $0.0075 after a bearish breakdown failed to hold. A potential resistance cluster is forming at $0.00762–$0.00765, with several rejection bars observed around these levels. A morning session engulfing bearish pattern was followed by a bullish harami, suggesting indecision and potential consolidation ahead.

Moving Averages and Momentum

On the 15-minute chart, the price closed above both the 20-period and 50-period moving averages, indicating short-term bullish momentum. However, the 50-period MA is slowly turning lower, suggesting that this could be a temporary countertrend move. The RSI has been oscillating around the 50 level, showing moderate momentum with no clear overbought or oversold conditions yet. The MACD remains positive but with narrowing histogram bars, hinting at weakening bullish momentum.

Volatility and Bollinger Bands

Bollinger Bands widened significantly during the late NY session and overnight hours, especially between 22:00 ET and 04:00 ET, as volatility spiked. The price tested the upper band around $0.0077 and the lower band at $0.00746, with the final close near the middle band, suggesting a potential period of consolidation may follow.

Volume and Turnover Insights

Volume was notably higher during the 22:00–04:00 ET timeframe, coinciding with price swings between $0.00736 and $0.0077. Turnover increased in line with this activity, peaking during the 22:30–00:00 ET window. A divergence between rising price and declining volume was observed in the final 6 hours, signaling weakening bullish conviction.

Fibonacci Retracements and Key Levels

Applying Fibonacci retracements to the 24-hour swing from $0.00736 to $0.00771, the 61.8% level is at $0.00756, and the 38.2% level is at $0.00752. Price action has tested both levels with mixed results, indicating these could become key support/resistance zones in the next 24 hours. A break above $0.00765 or below $0.0075 would signal a clearer directional bias.

Backtest Hypothesis

The backtesting strategy proposes entering long positions on DGBUSDT when the price crosses above the 20-period EMA with a bullish candlestick pattern (e.g., a harami or morning star), provided RSI is above 40 and volume is increasing. A stop-loss is placed below the most recent swing low, and a take-profit is set at the next Fibonacci resistance. This approach would have triggered a long entry in the early hours of September 24, aligning with the observed price action and technical indicators. The strategy’s performance hinges on strong volume confirmation and alignment with broader sentiment.