Summary
•
formed a bullish engulfing pattern near 0.00562, suggesting short-term bullish momentum.
• Price remained within Bollinger Bands, with volatility moderate but expanding slightly in the final hours.
• Volume surged past 1.6M at 0.00573, confirming a rally but lacking follow-through.
• RSI hovered near neutral territory, with no overbought or oversold extremes observed.
• A 61.8% Fibonacci level at 0.00568 appears to act as a temporary support/resistance pivot.
DigiByte/Tether (DGBUSDT) opened at 0.00564 on 2025-12-19 12:00 ET and closed at 0.00573 by 2025-12-20 12:00 ET, reaching a high of 0.00574 and a low of 0.00555. Total volume for the 24-hour window was 14,927,418.8 DGB, with a notional turnover of approximately $8,432.85.
Structure & Moving Averages
Price action on the 5-minute chart showed a clear bullish bias after 19:00 ET on 2025-12-19, with a strong move up to 0.00574.
A bullish engulfing pattern formed at 0.00562-0.00564 around 19:15 ET, confirming a reversal. The 20-period and 50-period moving averages on the 5-minute chart were both trending upward, reinforcing the near-term bullish momentum.
Momentum and Volatility
The RSI remained in neutral territory throughout the day, fluctuating between 50 and 60, indicating moderate strength without overbought conditions. Bollinger Bands showed a moderate expansion, especially in the last 6 hours, with the price frequently touching the upper band. This suggests increasing volatility as buyers pushed the price higher.
Volume and Confirmation
The highest volume spike occurred at 22:15 ET on 2025-12-19, with 1,606,997.3 DGB traded at 0.00573, coinciding with a strong bullish candle. This volume confirmed the price action and signaled a potential short-term top. However, subsequent volume has not matched that level, suggesting caution in expecting further upward momentum.
Fibonacci and Key Levels
A key Fibonacci 61.8% retracement level at 0.00568 appeared to act as a pivot point in the latter half of the 24-hour period. Price tested this level twice without breaking it, suggesting it could provide continued support or resistance in the near term.
DGBUSDT appears to have found a short-term equilibrium near 0.00573, with buyers stepping in ahead of the 24-hour close. However, without a clear break above 0.00574 or confirmation with follow-up volume, the next 24 hours could bring consolidation or a test of 0.00568 as a potential support zone. Investors should remain cautious of a pullback if volume fails to expand further.
Comments
No comments yet