Price Analysis

DigiByte Drops Below $0.030 but Holds Complete Support

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DigiByte is one of the most shilled altcoins on social media after the Verge and Chainlink, considering the growth and the YTD high above $0.035 after testing supports as low as $0.00143. DGB, with all the suitable reasons, is one of the top 50 cryptos of the market and has gained enough networkers after it breached the 2-year long resistance in this alt season and currently holds a market cap of over $400 million.

 

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DGB coin has been performing illustriously on the price front as the blockchain lures developments and upgrades after having traded sideways all this while.

 

DigiByte (DGB) Price News
DGB/USD Chart By TradingView

DigiByte price trend has been continually strengthening after the YTD low at $0.00143 and is currently trading at $0.02970 with a hike of over 1900 to 2000%. The growth DGB/USD has lured over five months has been massive against the major altcoins of the market and is, therefore, one of the valued crypto investments this year.

 

With intraday volatility and lack of momentum, DigiByte price has pulled back below $0.030 against the greenback. However, DGB price is still above 38.20% Fib retracement level and is holding strong support from the short-term MA, i.e., 50-day daily MA at $0.026 and $0.025 is the major support area alongside.

 

Over the past five months, DGB/USD has exhibited a clear uptrend after the massive sell-off, but the intraday has not been promising after the coin has nosedived below $0.030. The MACD reflects a bearish divergence, and similarly, the RSI has slipped below 70 and now lies at $50.26.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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