Market Overview: DigiByte/Tether (DGBUSDT) – 2025-09-18

• DigiByte/Tether (DGBUSDT) rose 0.74% over the past 24 hours, with a strong bullish bias in late trading.
• Price tested 0.00844 as resistance but consolidated near 0.00832–0.00842.
• Volume spiked to 4.8M DGB in early morning ET, aligning with a short-term peak.
• RSI remains neutral (55), indicating no immediate overbought or oversold conditions.
• Bollinger Bands show tightening volatility ahead of a potential breakout.

DigiByte/Tether (DGBUSDT) opened at 0.00816 on 2025-09-17 at 12:00 ET and closed at 0.00832 on 2025-09-18 at 12:00 ET. The pair reached a high of 0.00844 and a low of 0.00813 in the same period. Total volume amounted to approximately 50.5 million DGB, with turnover of ~$417,500, reflecting moderate market activity.

The 24-hour candlestick data reveals a bullish reversal pattern forming after a brief bearish correction early in the session. A key resistance level appears to be forming around 0.00842–0.00844, where the price stalled after reaching a 24-hour high. Support is evident at 0.00832–0.00835, with several candles consolidating within this range. A large bullish engulfing pattern is visible around 19:30–20:30 ET, signaling a shift in momentum from bearish to bullish. This was followed by a series of smaller bullish and indecisive patterns, suggesting consolidation ahead of a potential breakout.

Moving averages on the 15-minute chart show a positive cross, with the 20SMA above the 50SMA throughout the day. This suggests continued near-term bullish bias. On the daily chart, the 50DMA and 200DMA appear to be aligning closely, indicating a potential trend shift in the medium term. The price currently sits just above both the 50DMA and 200DMA, reinforcing a neutral-to-bullish outlook.

MACD lines show a positive divergence late in the trading session, with the MACD histogram expanding, which suggests increasing bullish momentum. RSI remains in the 50–60 range, indicating neither overbought nor oversold conditions, though the 61.8% Fibonacci level at 0.00836 has acted as a support and consolidation zone. Bollinger Bands have narrowed late in the day, a precursor to a potential breakout or continuation. The price is currently hovering just below the upper band, suggesting a test of upper resistance is likely in the next 24 hours.

Divergences between volume and price action were observed in the late-night and early-morning hours. A sharp spike in volume coincided with the peak at 0.00844, suggesting strong participation. However, a drop in volume after the peak implies reduced conviction in the rally. Turnover also spiked at the peak before retreating, indicating a possible exhaustion in the short-term rally. This sets the stage for either a continuation or a pullback, depending on the response at key levels.

Fibonacci retracement levels from the key swing high (0.00844) to the subsequent low (0.00829) show 38.2% at 0.00836 and 61.8% at 0.00831. The 61.8% level has acted as strong support in multiple candlestick intervals. On the 15-minute chart, price is currently hovering just above the 61.8% level, indicating it could serve as a key pivot for further movement. If the level holds, a retest of the 0.00842–0.00844 resistance is likely. A breakdown below 0.00831 could bring in short-term bearish pressure.

Backtest Hypothesis: The described strategy involves identifying bullish engulfing patterns following a retracement to the 61.8% Fibonacci level. Historical data from this 24-hour window supports the hypothesis, as a bullish engulfing pattern formed at 0.00832–0.00836 and was followed by a successful rebound to the 0.00842–0.00844 level. A potential entry point could be at the close of the bullish engulfing pattern with a stop-loss placed just below the 61.8% level. A target could be set at the 0.00842–0.00844 level. This hypothesis aligns with the observed behavior and could be tested on larger datasets for consistency.