Price Analysis

Digibyte Price Analysis: DigiByte (DGB) Starts the Month with a Growth Sign

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  • DigiByte (DGB) made an upward movement over the last 24 hours.
  • The bullish medium-term target should be set at 0.025 USD.

DigiByte, the 53rd ranked crypto coin in the market has made a jump of 1.42% over the last 24 hours. And this jump is in accordance to the market growth. The coin, after days of struggle, is likely to recover now. The medium-term is bullish and it may reach as high as 0.025 USD by this year’s end. Before analyzing the price movement, we should first look at the current statistics of the coin.

DigiByte Price Statistics-

DigiByte Price Analysis- August 01
DGB Price Chart by TradingView
DigiByte (DGB) 1st August 04:56 UTC
Rank 53rd
ROI (Return on Investment) 606.52%
Coin Circulation 12,095,111,204 DGB
Market Cap 126,723,225 USD
Value in USD 0.01017960 USD
Value in BTC 0.00000105 BTC
24h Volume 942,661 USD

DigiByte to USD Price Comparison-

DigiByte was traded from 0.0104 USD to 0.0102 USD within 3 and a half hours from 00:57 UTC. There was another hike of 4.11% between 09:12 UTC and 16:07 UTC and the next dip of 3.40% made a perfect growth triangle by 19:11 UTC. The dip cost the coin 0.0003 USD. After a few hours of market struggle, DGB again made a jump from 0.01050 USD to 0.010184 USD over 5 hours from 23:56 UTC. These four swings have helped the coin to gain marginally in the market.

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DigiByte Price Prediction-

DigiByte (DGB) has a bullish medium-term and the current steady growth hints at 0.025 USD before the start of the New Year. Let us now look at the next resistance points and possible support levels of the coin.

DigiByte (DGB)
1st Resistance 0.010807667 USD
2nd Resistance 0.011128333USD
3rd Resistance 0.011418667USD
1st Support Level 0.010196667USD
2nd Support Level 0.009906333USD
3rd Support Level 0.009585667USD
Conclusion-

DigiByte has a long journey to make and this has high chances of recording enormous growth by the next quarter. The long-term holders are likely to yield the highest.

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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