Market Overview: DigiByte/Tether (DGBUSDT) 24-Hour Analysis

• DigiByte/Tether fell 7.6% in the last 24 hours amid bearish momentum and declining turnover.
• Price broke below a key 15-minute support level at 0.0081, now testing 0.0076.
• Volatility expanded in early AM ET, with volume peaking at ~10.9M near the 0.00758 low.
• RSI is in oversold territory at ~27, suggesting potential near-term reversal, though bearish MA crossovers caution.

DigiByte/Tether (DGBUSDT) opened the 24-hour period at 0.00813 on 2025-09-21 at 12:00 ET, reaching a high of 0.00817 and a low of 0.00753 before closing at 0.00763 on 2025-09-22 at 12:00 ET. Total volume amounted to 123,280,280.00 units, with a notional turnover of ~$987,735. A sharp decline in the pre-dawn hours marked a key bearish pivot, followed by consolidation in the 0.0076–0.0077 range.

Structure & Formations

The 15-minute chart revealed a series of bearish engulfing patterns during the early morning ET selloff, especially between 06:15–07:30 ET, as prices fell from ~0.0079 to ~0.00758. A key resistance level appears to have formed around 0.00775–0.00776, where the price failed to hold during the early morning rebound. A double-bottom formation is emerging around 0.0076–0.00762, which could provide near-term support if buyers step in.

Moving Averages

On the 15-minute chart, the 20-period MA is well below the 50-period MA, reinforcing the short-term bearish trend. On the daily chart, the 50-period MA sits above the 200-period MA, suggesting a broader downtrend. The 100-period MA remains above the price, signaling that momentum is skewed to the downside in the near term.

MACD & RSI

The 15-minute MACD turned bearish during the morning selloff, with the histogram contracting into negative territory after the 06:15–07:30 ET decline. RSI reached an oversold reading of ~27 by late morning ET, suggesting a potential reversal could occur near the 0.0076–0.00762 range. However, the lack of follow-through above the 0.00765–0.00766 level may limit any immediate rebound.

Bollinger Bands

The 15-minute Bollinger Bands expanded sharply during the selloff, with prices dropping to the lower band at 0.00758 before stabilizing. Prices are currently near the middle band on the 1-hour chart, indicating a consolidation phase. A retest of the lower band may be imminent, with a break below 0.00758 triggering further bearish momentum.

Volume & Turnover

Volume surged during the morning selloff, peaking at ~10.9 million units between 06:15–07:30 ET. This was accompanied by a sharp drop in price, confirming bearish sentiment. Turnover spiked to ~$900,000 during this period, indicating significant selling pressure. However, volume has since diminished, with traders showing limited interest in the 0.0076–0.0077 range.

Fibonacci Retracements

Fibonacci levels on the 15-minute chart show the 0.0076–0.00762 range aligning with the 38.2% retracement of the morning decline. A move back above 0.00776 would target the 61.8% level at ~0.0079. On the daily chart, a breakdown below 0.00753 would suggest a deeper pullback toward the 0.0074 level, though this would require sustained selling pressure.

Backtest Hypothesis

A potential backtest strategy could be based on the bearish engulfing patterns observed in the 15-minute chart, coupled with RSI reaching oversold territory. A short entry could be triggered when the price breaks below the 0.0076–0.00762 support range and RSI remains below 30, with a stop above the 0.00766–0.00767 level. A target could be set at the 0.00753–0.00758 zone, with a risk-to-reward ratio of 1:1.5. This strategy would aim to capture short-term bearish momentum while avoiding false breakouts with a tight stop.