Market Overview for DigiByte (DGBUSDT) – 2025-07-17

• DigiByte (DGBUSDT) traded in a defined range between $0.0088 and $0.00907, with a bullish close near the high of the session.
• A key bullish reversal pattern emerged after a sharp pullback, suggesting potential follow-through buying interest.
• Volatility spiked mid-session, with notable volume surges confirming key price levels.
• RSI suggests overbought conditions near $0.00905, while MACD shows weakening bullish momentum.
• Bollinger Bands show price near the upper band, indicating stretched conditions and possible reversion.

DigiByte (DGBUSDT) opened at $0.0088, reached a high of $0.00907, and closed at $0.00901 at 12:00 ET. The 24-hour trading range was $0.0088 to $0.00907, with total volume of 59,136,273.6 and total turnover of $528,555.15.

Structure & Formations

DigiByte displayed a defined consolidation pattern from $0.00883 to $0.00907, with a bullish breakout attempt forming a potential three-wave rally structure. A key bullish reversal candle emerged at $0.00904, characterized by a long lower wick and small body, suggesting short-covering and buying pressure after a pullback. The $0.00894–0.00897 range acted as a key support cluster, confirmed by multiple bullish closes and retests.

Moving Averages

On the 15-minute chart, price closed above the 20-period and 50-period moving averages, indicating short-term bullish momentum. The 50-period line was at $0.00896, and the 20-period line was at $0.00898, both supporting the current rally. On the daily chart, price remains above the 50-period and 100-period lines, but below the 200-period line, which has acted as a long-term resistance.

MACD & RSI

The 15-minute MACD showed a narrowing histogram and a bearish crossover at $0.00905, suggesting momentum may be fading. RSI reached overbought levels (75) at the high of the session, indicating a potential pullback could be due. The RSI divergence with price suggests caution for further upside unless buyers step in with stronger conviction.

Bollinger Bands

Volatility expanded significantly in the morning, with the upper band reaching $0.00907 and the lower band at $0.00883. Price closed near the upper band, indicating stretched conditions and possible short-term reversal. The band width increased by 18% from the prior 24 hours, signaling a potential period of consolidation or correction ahead.

Volume & Turnover

Volume surged in the 06:00–08:00 ET timeframe, with a 58% increase in notional turnover compared to the prior 24 hours. The largest 15-minute volume spike occurred at 07:45 ET, with $4,954.6 in turnover. Price and volume aligned in the morning rally but diverged slightly in the afternoon, as volume declined despite a sideways price action.

Fibonacci Retracements

On the 15-minute chart, price tested the 61.8% retracement level at $0.00897 during a pullback and rebounded strongly. On the daily chart, the 38.2% retracement at $0.00899 was tested and held, suggesting it could act as a near-term support. The 61.8% retracement at $0.00904 was reached late in the session and may serve as a key resistance ahead.

DigiByte may attempt to test $0.00907 in the next 24 hours if buyers step in, but overbought conditions and divergences suggest a pullback to $0.00894–0.00897 is likely. Investors should remain cautious, as volatility and volume suggest potential for both continuation and correction.