In this DigiByte technical analysis, we will examine the current price action, trading volume, key levels and indicators for DGB-USDT. DigiByte is a decentralized blockchain-based cryptocurrency that offers fast and secure transactions with low fees. It utilizes a proof-of-work consensus algorithm and has a large maximum supply of 21 billion coins, ensuring ample liquidity for its users. With its focus on security, speed, and accessibility, DigiByte is an attractive option for those looking for a reliable cryptocurrency solution.
DigiByte Price Overview:
As of May 16, 2024, DigiByte is trading at approximately 0.01158 USDT. Let’s dive into the detailed price action for DGB-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.01175 |
| High (H) | 0.01215 |
| Low (L) | 0.01152 |
| Close (C) | 0.01158 |
| Volume (C) | 66,815,520.90 |
- Open (O): The opening price for today’s trading session was approximately 0.01175 USDT.
- High (H): DigiByte reached a daily high of around 0.01215 USDT.
- Low (L): The daily low for DGB-USDT was approximately 0.01152 USDT.
- Close (C): At the time of analysis, DigiByte is trading near its daily close of 0.01158 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.45% |
| 3D Change (%) | 0.96% |
| 7D Change (%) | -8.17% |
| 30D Change (%) | -7.36% |
| 90D Change (%) | 33.41% |
| YTD Change (%) | 22.02% |
Over the past three days, DGBUSDT has risen by approximately 0.96%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -8.17%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with DGBUSDT maintaining a downward trend of approximately -7.36%, despite intermittent fluctuations. Examining the last 90 days, DGBUSDT has witnessed substantial rise of approximately 33.41%, reflecting strong long-term confidence. Year-to-date, DGBUSDT has steadily appreciated by around 22.02%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
DigiByte Live Chart:
You can access a live price chart for DGB-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.91985.
- Momentum score is -0.04534.
DGB USDT Technical Analysis
DigiByte Trading Volume:
The trading volume for DigiByte (DGB) over the past 24 hours has been insignificant, with approximately 66,815,520.90 USDT traded against DGB. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): DGB is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): DigiByte is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for DGB-USDT is currently in the neutral zone, around 46.80227. This suggests that DigiByte is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
DigiByte (DGB-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Anticipate potential growth for DigiByte (DGBUSDT) at 1.16e-02 USDT through positive technical analysis, emphasizing strong support and promising indicators.
Don’t overlook our detailed insights on DGB BTC DigiByte Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.