Price Analysis

Will Digibyte (DGB) Get to Break Away from the Bear Control?

DigiByte price has nothing much to bargain in this ongoing crypto market volatility. With the price of DGB coin continually reeling under the market pressure and the short-term trend expected to continue to be bearish, the investors cannot gain much. The 5-day price chart shows the price oscillations for DGB in the range between $0.0075 – $0.0068.

DigiByte Price Prediction

If we look at the DGB coin’s price movement from the last five days, the price was at a high of $0.00749 on November 01. With the bear pressure looming large, the price of DigiByte went down to a low of 9.15% at $0.006809. The price continued to be below the baseline but rose slightly on November 03 at $0.007393, and the upward movement is to the extent of 8.54%. DGB coin could not maintain this momentum for long. Then, the price once again went below the baseline at $0.007076 on November 04, and the movement was lower by 4.32%. On November 05, there was some respite from the bears as the price showed a slight upward surge at 4.32% at $0.007382. The current day’s price of DGB coin is at $0.0073, with the downward movement of 1.35%.

Digibyte Price
DGB Chart By TradingView

DigiByte had a good run before the bears set foot in the crypto market in June. From then onwards, it was a downward spell for the coin. Even now, the price is mostly below the baseline though the DGB coin price shows the signs of upward momentum at intermittent levels. Analysts feel that the trend should continue for the short-term.

Investors can make use of this opportunity to buy the coin as the price is currently low. Short-term traders should stay away from the market until the crypto market shows some stability.

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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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