Summary
• Price fluctuated between $0.00585 and $0.00604, with consolidation around $0.00592.
• Key 5-minute bullish and bearish divergences signaled indecisive momentum.
• Volatility expanded after 19:00 ET, driven by increased trading activity.
• RSI and MACD showed neutral momentum without overbought or oversold signals.
• Volume surged during key breakout attempts but failed to confirm directional bias.
DigiByte/Tether (DGBUSDT) opened at $0.00595 on 2026-01-01 12:00 ET, reaching a high of $0.00604 and a low of $0.00585 before closing at $0.0059 on 2026-01-02 12:00 ET. Total 24-hour volume was 17,923,282.6 DGB, while notional turnover amounted to $106,726.96.
Structure & Formations
Price action revealed strong resistance at $0.00604 and support at $0.00585, with multiple failed breakout attempts observed after 19:00 ET. A bullish engulfing pattern emerged at 19:30 ET, suggesting short-term optimism, while a doji at 01:45 ET highlighted indecision near $0.00597.
Moving Averages
On the 5-minute chart, price oscillated between the 20-EMA and 50-EMA, with no clear directional bias. Daily moving averages (50, 100, 200) were not significantly breached, indicating sideways consolidation.
MACD & RSI
MACD showed a flat histogram and signal line, suggesting low momentum. RSI fluctuated between 30 and 70, indicating balanced buyer and seller activity without extreme overbought or oversold readings.
Bollinger Bands
Bollinger Bands expanded between 19:00 ET and 21:00 ET, reflecting heightened volatility. Price briefly touched the upper band at $0.00604 and the lower band at $0.00585, confirming a volatile trading range.
Volume & Turnover
Volume spiked above average between 19:00 ET and 21:00 ET, particularly around $0.00597 to $0.00604, but failed to sustain a directional breakout. Notional turnover mirrored the volume trend, with no clear divergence.
Fibonacci Retracements
On a 5-minute chart, key retracements at 38.2% (~$0.00595) and 61.8% (~$0.00592) held as dynamic support and resistance levels. Daily Fibonacci levels remained neutral, with no strong breakouts observed.
Price appears to be consolidating ahead of a potential breakout. Investors may watch the 50-EMA and RSI for signs of directional bias. Volatility could increase again if either resistance or support levels are decisively tested.
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