Price Analysis

DigiByte Price Analysis: DigiByte Price Falls Over 7% In the Last 24 Hours

In consonance with the whole market, DigiByte is also experiencing a downfall in the price. The coin has lost 7% in the same period and shown four major price variations. However, the medium-term outlook of DigiByte is bullish, and it may reach 0.025 USD by the end of 2019. Let us now analyze the current details of the coin.

Current Statistics of DigiByte-

DigiByte (DGB)23rd  July 02:41 UTC
Rank56th
ROI (Return on Investment)655.14%
Coin Circulation12,060,443,771 DGB
Market Cap135,746,723 USD
Value in USD0.01107296 USD
Value in BTC0.00000110 BTC
24h Volume1,126,859 USD

DGB to USD Price Comparison-

DigiByte price chart July 23
DigiByte Price Chart by TradingView

DigiByte had its first fall between 00:15 UTC and 10:05 UTC. This fall of 3.99% cost the coin 0.0004 USD. The next fall happened between 11:48 UTC and 19:42 UTC. This fall of 5.09% cost the coin 0.0005 USD. It was followed by a hike of 2.77% over the next 4 hours from 19:42 UTC. This hike added 0.0003 USD to the value of each DGB coin. The latest was a fall that happened between 23:44 UTC and 01:23 UTC. This fall cost the coin 0.0004 USD. These are the four major price swings in the last 24 hours. And all of them lie in the range of 2.7% and 5%.

DigiByte Price Prediction-

DGB coin has a bullish medium-term outlook. By the end of 2019, the coin is likely to be around 0.025 USD. The next resistance points are 0.01174 USD, 0.01219 USD, and 0.01244 USD. The support levels are 0.01105 USD, 0.01080 USD, and 0.01036 USD.

Conclusion-

DigiByte has tough times right now. Investors should expect the coin to touch 0.0117 within the end of this week. However, long-term investors are likely to be profited handsomely.

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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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