Market Overview for DigiByte/Tether (DGBUSDT)

Summary
• DGBUSDT formed key support near $0.00610–$0.00613, with a bullish engulfing pattern near 03:00 ET.
• Price broke below the 20-period MA on 5-min chart, suggesting short-term bearish momentum.
• RSI fell into oversold territory below 30, but volume failed to confirm a strong bounce.
• Bollinger Bands showed a wide expansion, reflecting heightened volatility after 19:00 ET.
• Turnover surged during 21:30–22:30 ET, indicating increased interest amid bearish price action.

DGBUSDT opened at $0.00623 on 2026-01-06 12:00 ET, reached a high of $0.00634, a low of $0.00606, and closed at $0.00608 on 2026-01-07 12:00 ET. The 24-hour volume totaled 26,127,595.3 DGB, with $167,085.22 in notional turnover.

Structure & Formations

The price encountered strong support near $0.00610–$0.00613, where it found a floor after an extended bearish leg. A bullish engulfing pattern formed around 03:00 ET, but subsequent bearish action failed to confirm a reversal. The daily chart shows a 50-period MA at ~$0.00617, currently above the price, suggesting potential for a test of this level in the near term.

Momentum and Volatility

MACD crossed into negative territory, reinforcing bearish momentum. RSI dipped below 30, indicating oversold conditions, but volume did not align with a strong bounce, casting doubt on the strength of any reversal.

Bollinger Bands widened significantly after 19:00 ET, indicating heightened volatility, with price frequently testing the lower band during the 21:30–22:30 ET window.

Volume and Turnover

Volume spiked during the 21:30–22:30 ET period, with a large 5-minute bar showing 3.45 million DGB traded. This coincided with a sharp price drop from $0.00634 to $0.00610. Turnover also surged during this time, reaching $21,498.38 in a single candle, indicating active trading amid bearish sentiment.

Fibonacci Retracements

On the 5-minute chart, the 61.8% Fibonacci retracement level sits at ~$0.00615–$0.00617, a key area to watch for potential bounce or rejection. The daily move from $0.00610 to $0.00634 aligns with the 38.2% level at $0.00620, which is now a key near-term resistance.

Looking ahead, DGBUSDT may test the 61.8% Fib level at $0.00615–$0.00617 in the next 24 hours. Investors should watch for volume confirmation at this level, as a sustained break above may suggest a temporary stabilization. Caution is warranted given the recent bearish divergence in volume and price.