Price Analysis

Digibyte Price Analysis: Do The Slow Upward Movement of DigiByte Indicate The Upcoming Price Rally?

  • DigiByte has shown four major price swings in the last 24 hours in the range of 1.7% and 12%.
  • By the end of 2019, the coin is likely to be around 0.025 USD.

DigiByte has grown by almost 9% over the last 24 hours. It has shown four major price variations in total. Here is an analysis of DigiByte’s price movement in the last 24 hours to assist the short-term traders and speculators to reorganize their investments. The medium-term outlook of the coin is bullish and the target for 2019 should be 0.025 USD.

DigiByte (DGB) Price Statistics-

DigiByte (DGB)19th July 03:41 UTC
Rank49th
ROI (Return on Investment)705.86%
Coin Circulation12,045,196,626 DGB
Market Cap145,805,956 USD
Value in USD0.01187312 USD
Value in BTC0.00000114 BTC
24h Volume2,088,009 USD

 

DigiByte to USD Price Comparison-

Digibyte Price Chart July 19
Digibyte Chart by TradingView

DigiByte faced its first steep fall of 6.89% yesterday between 01:25 UTC and 14:10 UTC. During this period the coin lost 0.00077 USD. It was followed by a small stint of growth between 14:10 UTC and 15:14 UTC. This growth period added 12.76% or 0.0013 USD to the value of DigiByte. The next fall of 1.79% happened between 15:14 UTC and 19:57 UTC where the coin lost 0.0002 USD. It was followed by a final hike of 5.17% between 19:57 UTC and 00:03 UTC. In these 4 hours and 5 minutes, the coin gained 0.0005 USD. These are the four major price swings in the last 24 hours. All of them lie in the range of 1.7% and 12%.

DigiByte Price Prediction-

DigiByte has a bullish medium-term outlook. And the coin is likely to be around 0.025 USD by the end of 2019. The next resistance points are 0.012489333 USD, 0.013070667 USD, and 0.014159333 USD. The support levels are 0.010819333 USD, 0.009730667 USD, and 0.009149333 USD.

Conclusion-

DigiByte has potential to perform exceptionally due to its strong fundamentals. The long-term holders need to hold at least until the year’s end for gaining maximum returns from the coin.

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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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