Market Overview for DigiByte/Tether (DGBUSDT) – 2025-09-27

• DigiByte/Tether (DGBUSDT) rose 0.717 to 0.00732 over 24 hours, with a high of 0.00748 and a low of 0.00717.
• Price surged after 20:00 ET to a 24-hour high before consolidating in a tight range overnight.
• Notional turnover surged near the peak and declined post 00:00 ET amid reduced buying pressure.
• A bullish engulfing pattern formed around 20:00 ET, indicating short-term buying momentum.
• RSI briefly approached overbought territory, while volume spiked at key price levels.

DigiByte/Tether (DGBUSDT) opened at $0.00717 at 12:00 ET-1 and closed at $0.00732 by 12:00 ET, reaching a high of $0.00748 and a low of $0.00717. Total traded volume was 38,773,246.0 DGB, with a notional turnover of $276,106.22 over the 24-hour period. Price action displayed a strong bullish move after 20:00 ET, followed by consolidation overnight.

Structure & Formations

Price found a key support level around $0.00731–$0.00732, which held during the overnight hours. A bullish engulfing pattern formed at 20:00 ET, suggesting short-term buying pressure. A small doji appeared at 00:00 ET, indicating indecision, while another doji at 01:30 ET suggested potential exhaustion in the upward move. Resistance appears to be forming near $0.00743, which was tested twice and rejected.

Moving Averages

On the 15-minute chart, the 20-period moving average was at $0.00734, and the 50-period at $0.00732. Price closed above the 20 MA, suggesting a short-term positive bias. However, the 50 MA acted as a near-term ceiling. On the daily chart, the 50-period MA was at $0.00730, with the 200-period at $0.00728, suggesting the pair remains above key long-term support.

MACD & RSI

The MACD remained positive during the bullish phase but started to flatten after 02:00 ET, suggesting waning momentum. RSI reached overbought levels near 70 during the high at $0.00748 but has since pulled back to 55, indicating potential for further consolidation. No immediate bearish divergence was observed, but bearish momentum may build if price fails to hold above the 50 MA.

Bollinger Bands

Volatility was low during the morning session, with Bollinger Bands narrowing. Price then expanded above the upper band at $0.00748, a sign of increased volatility. After 01:30 ET, price retracted toward the middle band, which coincided with the 50 MA, indicating possible support. If price dips below the lower band, it may test the $0.00731 support level.

Volume & Turnover

Volume surged sharply at 20:00 ET, coinciding with the bullish break above $0.00737. Turnover spiked to a 24-hour high of $276,106.22 at 22:30 ET during the $0.00748 high. After 00:00 ET, both volume and turnover declined, suggesting reduced interest. No clear divergence between price and volume was observed, implying volume continued to confirm price action during the bullish move.

Fibonacci Retracements

The most recent 15-minute swing from $0.00717 to $0.00748 identified key Fibonacci levels at $0.00736 (38.2%), $0.00739 (50%), and $0.00743 (61.8%). Price tested the 61.8% level but failed to break it. The 50% retrace level at $0.00732 appears to be the new consolidation range. On the daily chart, the 61.8% retrace of the previous bearish move is at $0.00732, which aligns with the current short-term support.

Backtest Hypothesis

The bullish engulfing pattern at 20:00 ET aligns with the backtesting strategy, which targets long positions on confirmed bullish engulfing candles with strong volume and price confirmation above the 20 MA. Given the RSI and MACD behavior, the strategy could have entered at $0.00730 and aimed for $0.00743 as a target. A stop-loss below $0.00725 would protect against a breakdown. With the current consolidation, the strategy would likely be in a hold phase unless a breakout above $0.00743 occurs with strong volume.