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

Summary
• Price tested key support at $0.00588 and found temporary stability near $0.00595.
• A bearish divergence in volume and price during the afternoon ET session raises caution.
• RSI signaled oversold conditions twice but failed to trigger a strong rebound.
• Volatility remained compressed within Bollinger Bands, suggesting potential for a breakout.
• A bullish engulfing pattern formed near $0.00591–$0.00593, indicating short-term buying interest.

DigiByte/Tether (DGBUSDT) opened at $0.00595 on 2026-01-08 12:00 ET, reached a high of $0.00602, a low of $0.00585, and closed at $0.00593 on 2026-01-09 12:00 ET. Total 24-hour volume was 13,235,149.0 DGB, with a notional turnover of $78,026.96.

Structure & Formations

Price action revealed a key support area forming around $0.00588–$0.00591 and a resistance cluster near $0.00595–$0.00598. A bearish engulfing pattern developed during the early hours of 2026-01-09, followed by a bullish engulfing formation in the late morning, suggesting short-term indecision. No decisive reversal patterns emerged, but a doji near $0.00597 indicated hesitation.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs remained in a flat configuration, with price hovering just above both, signaling a potential consolidation phase. Daily chart averages (50/100/200) are not available for the current period, limiting long-term directional insights.

MACD & RSI

The MACD histogram showed a bearish crossover in the early morning and remained negative for most of the session, indicating a prevailing short-term bearish momentum. RSI hit oversold levels twice but failed to produce a strong rebound, suggesting weak follow-through buying interest.

Bollinger Bands

Volatility remained muted, with price staying within the Bollinger Bands for the majority of the session. A notable contraction occurred around 04:00–05:00 ET, raising the possibility of a near-term breakout, though direction remains uncertain.

Volume & Turnover

Volume spiked during the 19:15–19:45 ET session as price dipped near $0.00591–$0.00593. However, subsequent volume declined despite price stability, indicating a potential bearish divergence. Turnover remained proportional to volume, with no extreme imbalances observed.

Fibonacci Retracements

On the 5-minute chart, price found support at the 50% and 61.8% Fibonacci levels during the afternoon and evening, before retreating. A 61.8% retracement at $0.00593–$0.00594 may act as a short-term floor, with a test of $0.00597 potentially confirming a resumption of upward momentum.

The recent consolidation and mixed momentum signals suggest that DGBUSDT may remain range-bound for the next 24 hours, with key watchpoints at $0.00588 and $0.00597. Investors should be cautious of potential volatility spikes or a breakdown below $0.00588, which could signal further bearish pressure.