DigiByte price was trading somewhere at $0.00355 almost 30 days ago. The recovery stroked from then and has continued till now. The price is currently at $0.01299 and has reshuffled the 90-days high recently. The coming period is likely to continue similar momentum. The traders are recommended to sell out as this would help them from risking money in the upcoming days.
DigiByte Price Analysis
On March 25, DigiByte price spotted at $0.00355, and over the next 3 days, the price escalated to $0.00456 by 28.17% hike and locked itself at the same level till the end of March. The ongoing month started with a moderate surge. Within the first 4 days, the DGB price moved from $0.0045 to $0.00563 by 26.84% hike. Then, it plunged marginally to $0.00514 on April 06 but recovered in the later days to $0.00678 by a massive hike. After that, the coin hovered around the same level till on April 09.
Further, DigiByte reflected downward correction and dropped from $0.00695 to $0.00469 on April 16 by a huge fall of 32.92%. The next two days reflected immense growth as the coin marked 78.60% hike and touched $0.008279. However, then, it dropped to $0.00666. From this price point, the currency embarked steep hike, and this upward momentum remained intact until today. The DGB price shot up to $0.0132, and then, at the time of writing, it spotted at $0.01299.
The RSI of DigiByte is trending in overbought territory, as it is at $83.85. The same exhibits a slight possibility of a trend reversal. The DGB coin price is trading way above its SMA 50 & 200. The simple moving averages of 50-days & 200-days are at $0.00630 & $0.00839, respectively. The placement of SMA lines reflects a bullish crossover.
The key resistance levels of DigiByte at $0.0115 & $0.0124 are already breached. The coin is heading towards the major resistance level at $0.0139. The same is likely to get breached at any moment now as per DigiByte predictions.
