Price Analysis

Amidst Volatility, DigiByte (DGB) touches $0.0070; Key Resistance to Look for $0.0078

DigiByte was priced at $0.00746650 on September 8, 2019, and post which, it rose to the level of $0.00950000 on September 12, 2019. With a couple of steep falls, DGB coin was being traded at the lowest price of $0.00517960 on September 17, 2019. Post this date, the coin managed to gain some efficiency and was being traded at the highest price of $0.00980000 on September 21, 2019.

DigiByte Price Analysis

At present, DGB indicates a bearish trend, and it was dropped by 28.35% as compared to the prices of September 21, 2019. We predict that the same trend will continue by DigiByte for some time. On the downside, the price of the coin may reach $0.0070. As per the calculated resistance level, on the upside, it may reach its immediate resistance of $0.0075. After about a week or so, it may be traded at the price of $0.0078.

DigiByte Price
DigiByte Chart By TradingView

It is anticipated that traders should hold existing coins as per the trend noticed. The MACD indicator also points out that DGB is reflecting a downward trend. The number of coins being traded at present seems neutral as per the RSI indicator. Today, DigiByte can be traded in the range of its support and resistance levels, $0.0069 and $0.0078. DGB is a good investment if being traded from a long-term perspective.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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