Price Analysis

DigiByte Price Analysis: DGB May Need a Strong Push to Cope with the Market

  • DigiByte shows five major price swings in the last 24 hours.
  • The target for 2019 should be 0.025 USD.

Despite the fact that the coin has shown five huge price swings in the last 24 hours, it seeks a strong price rally to catch up with the rest of the market. The medium-term outlook of the coin is bullish, and the coin may touch as high as 0.025 USD by the end of 2019. Let us look at the current details of the coin now.

DigiByte Price Statistics-

DigiByte (DGB)21st July 04:00 UTC
Rank52nd  
ROI (Return on Investment)709.28%
Coin Circulation12,052,942,676 DGB
Market Cap145,238,419 USD
Value in USD0.01185558 USD
Value in BTC0.00000113 BTC 
24h Volume2,774,617 USD

DGB to USD Price Comparison-

DigiByte price chart July 21
DigiByte Price Chart by TradingView

DigiByte faced its first swing in terms of a hike of 5.46% between 01:11 UTC and 09:56 UTC. This hike added 0.0006 USD. The next variation was another hike of 7.48% between 13:05 UTC and 17:10 UTC. This hike added 0.0008 USD. The third variation was also a hike between 18:46 UTC and 23:07 UTC. This surge of 4.20% added 0.0005 USD to the coin. It was followed by a fall of 5% over the next 1 hour from 23:07 UTC. This fall cost the coin 0.0006 USD. The last variation was another fall that happened between 00:59 UTC and 03:56 UTC. This fall deducted 0.0003 USD from the coin’s value. These are the five major price variations of DigiByte. All of them lie in the range of 2.9% and 7%.

DigiByte Price Prediction-

DigiByte has a bullish medium-term outlook. And the coin may reach 0.025 USD by the end of 2019. The next resistance points are 0.012797667 USD, 0.013254333 USD, and 0.014003667 USD. The support levels are 0.011591667 USD, 0.010842333 USD, and 0.010385667 USD.

Conclusion-

The medium-term outlook of the coin is bullish, so the coin may take some more time to start a price rally. Existing investors should now aim at 0.012 USD. Long-term holding may give huge returns on the current investment.

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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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