Price Analysis

DigiByte Price Analysis: DGB’s Consistent Fall May Not Last Long

  • DigiByte has shown four major price swings in the last 24 hours all in the range of 2.5% and 6%.
  • The coin is likely to have a price rally after 2 weeks.

DigiByte is one of the major coins of the market which are continuously attracting a huge number of investors. Here is an analysis of the price movement of the coin over the last 24 hours. The coin has lost almost 5% in this period and shown four major price swings. The medium-term outlook of the coin is bullish and it may reach as high as 0.025 USD by the end of 2019. Let us look at the current details of the coin.

DigiByte Price Statistics-

DigiByte (DGB)24th  July 03:55 UTC
Rank54th
ROI (Return on Investment)613.73%
Coin Circulation12,064,430,953 DGB
Market Cap126,206,238 USD
Value in USD0.01040109 USD
Value in BTC0.00000108 BTC
24h Volume1,448,066 USD

DigiByte to USD Price Comparison-

DigiByte price chart July 24
DigiByte Price Chart by TradingView

DigiByte got its first variation between 03:06 UTC and 09:11 UTC. This fall of 4.5% cost the coin 0.0005 USD. After a few hours of showing of strength, the coin again faced another fall of 2.62% between 10:13 UTC and 13:32 UTC. This fall cost the coin 0.0002 USD. It was followed by a hike of 3.28% over the next 4 hours and 57 minutes from 13:32 UTC. This hike added 0.0003 USD. The last variation was a fall of 6.55% between 22:19 UTC and 02:12 UTC of today. This fall cost the coin 0.0007 USD. These are the four major price swings over the last 24 hours and all of them lie in the range of 2.5% and 6%.

DigiByte Price Prediction-

The medium-term outlook of the coin is bullish. By the end of 2019, the coin is likely to be around 0.025 USD. The next resistance points are 0.011196667 USD, 0.011543333 USD, and 0.011788667 USD. The support levels are 0.010604667 USD, 0.010359333 USD, and 0.010012667 USD.

Conclusion-

DigiByte is relatively young in the market, but it has solid fundamentals which may support its price rally shortly. Holding until the end of this year may give good yields to long-term investors.

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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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