DigiByte

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>DigiByte price forecast demonstrates the consolidation in a tight zone of $0.00934 to 0.00608.</a> </li> 
 <li> <span>2</span> <a>The DGB price is trading above the key moving averages.</a> </li> 
 <li> <span>3</span> <a>Bulls and Bears are battling to grasp the price control.</a> </li> 
</ul> 
<p><a href="https://www.thecoinrepublic.com/2024/01/16/sandbox-crypto-the-sand-crypto-price-looks-weak-whats-next/" target="_blank" rel="noreferrer noopener">DigiByte price</a> has been trading in a tight range for a long time, showcasing consolidation on the daily charts. The price is trading in the range of $0.00934 to $0.00608 and not giving clear signals.</p> 
<p>The indessive candle pattern is noticed on the chart with long wicks and a short body demonstrating bulls and bears are battling out to grasp the price in their control. However, both are failing in their attempts.</p> 
<p>Indecision candlestick patterns demonstrate that the buyers and sellers are not sure about the direction of the trend and both exhibit equal pressure.&nbsp;</p> 
<p>At the time of writing DigiByte’s price is trading at the level of $0.00836 with a drop of approx 0.070% the market cap, is down by 1.01% and the 24-hour volume is increased by 8.29%.&nbsp;</p> 
<p>As per the data, Coingecko the highest price touched by the DGB is $0.1781, which happened in May 2021 approximately 2 years ago and the price is low by 95.32% lower than the time high.&nbsp;</p> 
<p>Moreover, the all-time low price of DGB is $0.00003099 which was noticed on JAN 14 2015 and the price is up by approx 26,796.93% indicating remarkable growth.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-digibyte-price-analysis-on-the-one-day-timeframe-strong"><strong>DigiByte Price Analysis on the One-Day Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="429" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-361-1024x429.png" alt="DigiByte Price Analysis: Bears Vs Bulls on DGB Price Chart" class="wp-image-188837" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-361-1024x429.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-361-300x126.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-361-768x322.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-361-750x314.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-361-1140x478.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-361.png 1272w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div> 
<p>To reach the upper limit of the consolidation phase, the price of the DigiByte cryptocurrency must begin to rise. However, for the DigiByte cryptocurrency to enter the recovery phase, it must accumulate buyers. Moreover, the price of DigiByte crypto breaks above the 20-day, 50-day, 100-day, and 200-day moving averages.&nbsp;</p> 
<p>Additionally, the DigiByte cryptocurrency should register a breakout above $0.00934 during the consolidation phase on the daily chart.<br><br>MACD shows the consolidation phase of the price of DigiByte cryptocurrency. The MACD line is placed above the signal line and waits for any type of crossover. DigiByte cryptocurrency investors should wait for a change in direction on the daily chart.</p> 
<p>Technical indicators indicate a consolidation phase in the price of the DigiByte cryptocurrency. The Relative Strength Index (RSI) shows the sideways momentum of the DigiByte cryptocurrency. The RSI was at 50 and moving close to the median line.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>On the daily chart, the price of the DigiByte cryptocurrency was consolidating between a horizontal price range of $0.00934 to $0.00608 per cryptocurrency. However, to accelerate towards the recovery phase, DigiByte cryptocurrency needs to accumulate buyers. Technical indicators indicate a period of price consolidation for the DGB cryptocurrency. DigiByte cryptocurrency investors should monitor directional changes on the daily charts. However, investors and traders must wait to be properly prepared for the next step and avoid FOMO.</p> 
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3> 
<p>Support Level: The most immediate support level for the DigiByte crypto price is $0.00608</p> 
<p>Resistance level: The most immediate resistance level for the DGB crypto price is $0.00934.</p> 
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer</strong></h3> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

DigiByte Price Analysis: Bears Vs Bulls on DGB Price Chart

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