Market Overview for DigiByte/Tether (DGBUSDT)

Summary
• DGBUSDT tested 0.00615–0.00621 range with a strong rebound after early selling.
• Volume surged in the early hours, confirming bearish momentum before consolidation.
• RSI bottomed near oversold levels, hinting at potential near-term short-covering.
• Price remains within a 12-hour Bollinger contraction, with volatility likely to expand.
• A bullish engulfing pattern formed at 0.00618, suggesting buyers may re-enter.

24-Hour Performance

DigiByte/Tether (DGBUSDT) opened at 0.00592 on 2026-01-02 12:00 ET, reaching a high of 0.00688 before closing at 0.00604 as of 2026-01-03 12:00 ET. The low during the session was 0.00588. Total trading volume reached 98.9 million DGB, while notional turnover was approximately 603,873 USDT.

Structure & Formations

A key support level appears to have formed near 0.00615–0.00621, where price rebounded multiple times. This area coincides with a bullish engulfing pattern at 0.00618, signaling potential short-covering and renewed buyer interest. Resistance remains at 0.0063, which has been tested multiple times without a strong breakout.

Moving Averages and Bollinger Bands

The 20- and 50-period moving averages on the 5-minute chart have converged around 0.00618–0.0062, aligning with the support level. Price has remained within a Bollinger Band contraction for the last 12 hours, suggesting limited volatility and a possible breakout in the near term. If the band expands, a move toward 0.0063 or 0.0060 could follow.

Momentum and Relative Strength

The RSI has bottomed near oversold territory (around 28–30) as of the early morning hours, indicating potential for a short-term reversal. However, MACD remains bearish with a negative histogram and slow convergence, pointing to continued bearish pressure unless a strong bullish reversal is confirmed.

Volume and Turnover

Volume spiked sharply in the early morning session when price reached 0.00688, confirming the bearish breakdown. Subsequent volume has declined, suggesting that momentum may be slowing. Notional turnover also peaked during this period before tapering off, aligning with the volume profile.

Fibonacci Retracements

Applying Fibonacci to the 5-minute swing from 0.00588 to 0.00688, key retracement levels at 0.00626 (38.2%) and 0.00603 (61.8%) have been tested and retested. The price currently appears to be consolidating near the 61.8% level, which could serve as a near-term pivot.

DGBUSDT appears to be consolidating within a defined range as buyers look to re-enter near key support. While short-term momentum appears to be stabilizing, the broader trend remains bearish unless price can break above 0.0063 with strong volume.