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Summary
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DigiByte/Tether (DGBUSDT) opened at 0.00567 and traded between 0.00564 and 0.00586 over the last 24 hours, closing at 0.00578 as of 12:00 ET. The total traded volume was approximately 16,679,195.1 DGB, with a notional turnover of around $96,036.39.
Structure & Candlestick Formations
Price remained within a tight range of 0.00567–0.00586, with a failed bullish breakout at 0.00586 and a bearish engulfing pattern forming after 20:30 ET. A key support level appears to be around 0.00576–0.00578, where price found multiple bids.
Trend & Momentum
The 20-period and 50-period moving averages on the 5-minute chart were closely aligned, indicating no strong directional bias. MACD remained near zero, suggesting neutral momentum, while RSI peaked overbought levels (70–75) before retreating into oversold territory late in the session.
Volatility & Bollinger Bands
Bollinger Bands showed a moderate expansion in the afternoon, coinciding with increased volume and price range. Price touched the upper band at 0.00586 and then drifted toward the lower band by early morning, signaling potential consolidation.
Volume and Turnover Analysis
The highest volume was observed between 19:45–20:30 ET, when price attempted a bullish breakout above 0.00585. Despite the heavy volume, the move failed, and price closed below the breakout level, indicating weak conviction. Turnover was tightly correlated with price spikes, with no significant divergence noted.
Fibonacci Retracements
Recent 5-minute swings showed price hitting the 61.8% retracement level at around 0.00578 before finding support. Daily Fibonacci levels from the prior month’s high suggest further resistance at 0.00593 and support at 0.00564.
The price appears to be in a period of consolidation ahead of the Christmas holiday, with key psychological levels around 0.0058 and 0.00575 acting as pivotal points. Traders should monitor for a potential break of these levels in the next 24 hours. As always, volatility may increase with lower liquidity during the holidays.
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