Market Overview for DigiByte/Tether (DGBUSDT)

Summary
• Price tested resistance near $0.0058 but reversed back down.
• High volume confirmed bearish momentum after 17:30 ET.
• RSI and MACD suggest oversold conditions emerged late in the session.
• Bollinger Bands show moderate volatility with price near the midline.
• Volume divergence hints at possible short-term reversal around 0.00565.

DigiByte/Tether (DGBUSDT) opened at $0.0056 on 2025-12-17 at 12:00 ET, reaching a high of $0.00588 before closing at $0.00561 on 2025-12-18 at 12:00 ET. The 24-hour volume totaled 31,062,396.75, with a notional turnover of approximately $174,889. Price action shows a bearish consolidation pattern amid moderate volatility.

Structure & Formations

Price tested key resistance near $0.00582 twice but failed to hold, suggesting it remains a critical barrier. A bearish engulfing pattern emerged near $0.00573, reinforcing a potential downward shift. Support appears to be forming around $0.0056, with a doji at $0.00562 indicating indecision.

Moving Averages

Short-term 20/50-period 5-minute moving averages (MA) are bearishly aligned, with the 50 MA crossing below the 20 MA after 18:00 ET. On the daily chart, the 50/200 MA are aligned to the downside, though no clear crossover occurred within the 24-hour window.

MACD & RSI

MACD turned negative in the late afternoon and remained bearish overnight, with a weak histogram suggesting fading momentum. RSI dipped into oversold territory below 30 after 03:00 ET, hinting at potential short-term buying interest. However, the RSI remains within a moderate range of 40–60, suggesting no extreme momentum.

Bollinger Bands

Volatility remained moderate, with the bands widening after 18:00 ET as the price moved toward the upper band before retreating. Price subsequently settled closer to the midline, suggesting a lack of directional bias.

Volume & Turnover

Volume spiked after 17:30 ET with a large candle closing bearishly at $0.00579, confirming a bearish reversal. However, volume declined after 03:00 ET, even as price moved lower, indicating some divergence. Total turnover remained steady, but notional value did not show signs of speculative pressure.

Fibonacci Retracements

On the 5-minute chart, the 61.8% retracement level of the move from $0.0056 to $0.00588 sits near $0.00568, where price showed a rejection. On the daily timeframe, the 38.2% and 61.8% retracements of the previous week’s swing are at $0.00557 and $0.00550, respectively.

Price may test the $0.00558 support in the next 24 hours, with a potential bounce expected if volume picks up. Investors should remain cautious as divergence between price and volume could signal a false break.