DigiByte (DGB) Breaks Resistance With Rounding Bottom, Eyes $0.012 Target
DigiByte's Bullish Breakout: DigiByte (DGB) has successfully broken resistance levels between $0.0083 and $0.0087, indicating a bullish trend with strong volume support, and is now targeting potential price points of $0.010 and $0.012.
Technical Indicators Favor Upward Momentum: The cryptocurrency has formed a rounding bottom pattern, signaling a shift from bearish to bullish momentum, supported by key moving averages and increased trading volume, although a failure to maintain support could lead to a pullback.
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Technical Analysis for DGB
Technical Sentiment Analysis for DigiByte (DGB) As of , DigiByte (DGB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DGB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DGB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DigiByte (DGB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00221 | 0.00305 | 0.00387 | 0.00471 | 0.00553 | 0.00637 | 0.00719 |
| Fibonacci | 0.00305 | 0.00368 | 0.00407 | 0.00471 | 0.00534 | 0.00573 | 0.00637 |
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