Market Overview for DigiByte/Tether (DGBUSDT) – 2025-10-11

• DigiByte/Tether (DGBUSDT) fell to a 24-hour low of $0.00655 amid heavy selling pressure and volatility expansion.
• Price consolidated between $0.00665–$0.00685 in the final hours, signaling potential support at $0.00665 and resistance at $0.00685.
• Momentum waned with RSI near oversold levels, and volume spiked during the selloff, suggesting possible short-term exhaustion.
• Bollinger Bands widened, reflecting increased volatility, and price is now trading near the lower band.
• A bullish engulfing pattern emerged near the session’s low, hinting at a potential short-term reversal.

DigiByte/Tether (DGBUSDT) opened the 24-hour period on 2025-10-10 at $0.00792, reached a high of $0.008, and a low of $0.00346, before closing at $0.00690 as of 12:00 ET. Total volume amounted to 178,268,705.7 units, with notional turnover reaching $1,235,596. The pair experienced a sharp selloff after 19:00 ET, driven by a liquidity collapse and sharp pullback into the 0.0066–0.0068 range.

The 15-minute chart shows a clear breakdown from the 0.0079–0.0080 resistance cluster, followed by a series of bearish engulfing and hanging man patterns that reinforced the downtrend. Notably, a bullish engulfing pattern formed at the 2025-10-11 09:45–10:00 time window, with a 0.00673 open and a 0.00677 close, suggesting short-term buyers entered near the $0.0067 support level. Key support levels identified include $0.00665 and $0.00655, while resistance clusters emerged around $0.00685 and $0.00695. A bearish 50 EMA crossover occurred mid-day, confirming the weakening bias.

MACD crossed below zero around 19:00 ET, confirming bearish momentum, while RSI dipped into oversold territory below 25, indicating the selloff may be nearing a short-term pause. Bollinger Bands expanded significantly during the sell-off, with the price finding a temporary floor near the lower band. Volume spiked during the breakdown, confirming the move, but has since stabilized around the $0.0067–0.0068 range, suggesting a potential base formation. Fibonacci retracement levels show the $0.00677 and $0.00655 levels aligning with key 38.2% and 61.8% retracement levels from the 0.00346 to 0.00708 move.

The price may consolidate near $0.0067–0.0068 in the next 24 hours, with a breakout above $0.00685 suggesting a potential test of the 0.00695 resistance. A break below $0.00665 could target $0.00645, but a bullish engulfing pattern and stabilizing RSI suggest a short-term reversal is plausible. Traders should monitor volume and order flow for signs of a reversal, with tight risk management advised due to the pair’s high volatility.

Backtest Hypothesis

A potential strategy involves entering long positions on bullish engulfing patterns that form near key Fibonacci and Bollinger Band levels, with a stop-loss placed below the pattern’s low. Given the current setup around $0.00677, this could be a viable short-term entry point if volume confirms the pattern and RSI shows divergence. A target of $0.00695 aligns with the upper Bollinger Band and 38.2% Fibonacci retracement level, offering a risk/reward of 2:1. Traders may also consider scaling in with smaller positions as the price tests the $0.00685 resistance. The strategy hinges on confirming volume and positive divergence on RSI to validate the reversal signal.