Summary
• Price fluctuated between $0.00574 and $0.00598 on
, forming a mixed consolidation pattern.
• Key support at $0.00582 and resistance at $0.00589 held during the 24-hour period.
• Volume spiked during midday trading, with moderate divergence in momentum.
• RSI hovered in neutral territory, lacking clear overbought or oversold signals.
• Bollinger Bands showed mild expansion, indicating rising volatility.
24-Hour Performance Summary
At 12:00 ET-1, DigiByte/Tether (DGBUSDT) opened at $0.00575, reached a high of $0.00598, a low of $0.00574, and closed at $0.00581 by 12:00 ET. The total volume over 24 hours was 13,037,744.9, with a notional turnover of approximately $73,851.67.
Structure & Key Levels
The price action on DGBUSDT displayed a range-bound pattern with support consolidating around $0.00582 and resistance testing near $0.00589. Notable candlestick patterns included a bullish engulfing in the early hours and multiple dojis in the latter part of the session, signaling indecision.
The 20-period and 50-period moving averages on the 5-minute chart were closely aligned, indicating a lack of strong directional bias.
Momentum and Volatility
RSI oscillated between 45 and 55, suggesting balanced buying and selling pressure without entering overbought or oversold territory. MACD showed no strong divergence but reflected mixed momentum, especially after the midday spike in volume. Bollinger Bands began to widen, indicating increased volatility, with price hovering just above the midline.
Volume and Turnover Insights
The highest volume occurred at 18:30 ET, with a surge of 3.4 million DGB, followed by a moderate decline in activity. While volume and turnover generally aligned, there was a slight divergence in the late hours, where price dipped below $0.0058 but turnover remained steady, suggesting a lack of strong conviction.
Fibonacci and Retracement Levels
Applying Fibonacci to the latest 5-minute swing from $0.00574 to $0.00598, key retracement levels of 61.8% at $0.00587 and 38.2% at $0.00584 were tested. On the daily chart, the 200-period moving average acted as a baseline with minor fluctuations.
Over the next 24 hours, DGBUSDT may test the $0.00582 support or break above $0.00589 resistance. Investors should remain cautious, as moderate volatility could lead to sudden reversals.
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