DigiByte is a decentralized blockchain solution providing fast, secure payments to users. It is specifically ranked on Coinmarketcap as no.36. DGB has been in a bullish run since March although after peaking at $0.0267 on May 6, it recorded a minor correction. DigiByte is exchanging at $0.0212 at the time of this article. Its current supply in circulation is 13,272,297,845 DGB with a market cap of $283,681,306. Bulls have propelled price past $0.0240 on DGB/USD in the last 24 hours, but no consistent break has so far been identified. The token recorded an intraday high of $0.0244 from its known $0.0160 support after a rebound of nearly 35%. Binance reveals DigiByte (DGB) listing on its platform on Monday, June 22, after the DGB recorded a considerable rise in its trading volume that triggered a huge bull shift. Users can initially trade three pairs; DGB/BNB, DGB/BTC, and DGB/USD. The DGB listing fee is zero BNB, to further support the asset.
*Bulls have propelled price past $0.0240 on DGB/USD in the last 24 hours, but no consistent break has so far been identified
*The token recorded an intraday high of $0.0244 from its known $0.0160 support after a rebound of nearly 35%
*Binance reveals DigiByte (DGB) listing on its platform on Monday, June 22, after the DGB recorded a considerable rise in its trading volume that triggered a huge bull shift
Resistance levels: $0.0295, $0.0267, $0.0240
Support Levels: $0.0205, $0.0188, $0.0160
DGB/USD Daily Chart: Bullish
DGB/USD Daily Chart
Bulls propel DGB from $0.019 beyond the daily MA 50 after beginning a rebound from its ascending trendline support at $0.016. Interestingly, the RSI is just at 60 marks and its upside move is not overbought yet. DGB stepped back from the $0.0244 high but regained and is trading at $0.0212 at the moment.
On the negative side, if the support can not hold at $0.0188 and a lower price break occurs beneath the MA 50, there may be a change in the trend where Digibyte could attempt to cross its known support at $0.0160. The surge up is steady past the $0.0240 resistance and the next probable goal is May 6 high at $0.0267. This resistance prevents the asset from a more optimistic run to the ultimate target beyond its 2020 highs.
DGB/USD 4-Hour Chart: Ranging
DGB/USD 4-Hour Chart
Digibyte has stepped back to the price convergence zone around $0.0205 in the near term on the 4-hour time frame after the cryptocurrency met high technical resistance from the $0.0240 range. Technical analysis suggests that the DGB/USD pair ranges with a marginal bullish bias in the short term while price trades beyond the $0.0188 minor support level.
Buyers should consider that a breakout beyond the level of $0.0240 reinforces more upwards toward the level of $0.0267. The DGB/USD pair is bullish while exchanging beyond the level of $0.0188, key resistance is discovered at the $0.0240 and the $0.0267 levels. Once the DGB/USD pair exchanges beneath the $0.0205 level, sellers may test support levels of $0.0188 and $0.0160.
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