Price Analysis

DigiByte Price Analysis: DigiByte (DGB) May Have to Wait for a Price Rally

DigiByte is one of the few major coins completely focused on cybersecurity on digital transactions. This coin gained almost 9% over the last 24 hours after showing five major price swings. The medium-term outlook of the coin is bullish, and the coin is likely to be around 0.025 USD by the end of 2019. Here is an analysis of DigiByte’s price movement in the last 24 hours. Let us look at the current details of the coin first.

DigiByte (DGB) Price Statistics-

DigiByte (DGB)18th July 03:53 UTC
Rank53rd
ROI (Return on Investment)643.43%
Coin Circulation12,041,344,568 DGB
Market Cap129,590,394 USD
Value in USD0.01105816 USD
Value in BTC0.00000111 BTC
24h Volume1,836,675 USD

DigiByte to USD Price Comparison-

DigiByte price chart - july 18

DigiByte faced its first variation as a hike of 6.29% between 02:09 UTC and 09:25 UTC. This hike helped the coin to gain 0.0006 USD. It was followed by a fall of 5.19% between 09:25 UTC and 12:02 UTC. This fall cost the coin 0.00055 USD. Then a huge unprecedented gain was made by the coin. This gain happened between 12:02 UTC and 18:42 UTC. It was of 13.04%, and it added 0.001313 USD. It was followed by a fall of 5.58% over the next 5 hours and 48 minutes from 18:42 UTC. This fall cost the coin 0.0006 USD. The latest one is a small hike between 00:30 UTC and 01:27 UTC. This hike added 0.00049 USD to the coin. These are the five price swings that happened over the last 24 hours, and all of them lie in the range of 4.5% and 13%.

DigiByte Price Prediction-

The coin has a medium-term bullish outlook, and the target for 2019 should be 0.025 USD. The next resistance points are likely to be 0.011699 USD, 0.012205 USD, and 0.013092 USD. The support levels are 0.010306 USD, 0.009419 USD, and 0.008913 USD.

Conclusion-

DigiByte is likely to have a bullish run shortly. Traders need to target 0.011 USD for now.

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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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