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DigiByte (DGB) Dribbles to $0.0143 Yet Appears Bullish

DigiByte started the month around $0.00435, and now the coin is trading at $0.0146. The improvement is substantial, and the same has spiked hope among the traders. The coming period is likely to bring a huge rally. Yesterday, the coin breached 90-days high. As per the technical indicators, the upcoming period in DigiByte is anticipated to be better.

DigiByte Price Analysis

DGB/USD Chart By TradingView

DigiByte has begun the ongoing month around $0.00435 with moderate upside momentum. The coin spotted improvement from the first day, and by April 3, the price reached $0.00488. The growth remained intact, and the DGB price escalated to $0.00667 and locked itself around the same level till April 13. Then, the currency spotted stumbling and touched $0.00439 on April 16.

Further, DigiByte again started a price recovery, and by April 18, it was trading at $0.0080 mark. Then, the currency continued to trade at the same level until April 22. Thereafter, the DGB coin reflected a sharp bullish movement, and the price escalated $0.0164 on April 26. However, from this high, the coin faced downward correction, and thus the price slipped to $0.0094 on April 27.

Later, it recovered and escalated above the previous 90-days high and set a new one at $0.0165 yesterday. However, today, the DGB price corrected down below $0.014 but then marked a quick rebound and escalated to $0.01466. Therefore, you must check out DGB Price Prediction for further price fluctuation details, which will be held in the upcoming days.

DigiByte holds support from its 50-day MA ($0.0138) and 200-day MA ($0.0124). The same reflects that the coming period might continue improvement. The RSI of DGB coin is at 51.56, and a few hours ago, it was trending in the overbought region. The currency is likely to trade upwards, and in the impending hours, it might cross the immediate resistance at $0.0169.

Matthew Diaz: Matthew Diaz is a full stack developer working in NameCoinNews on blockchain and cryptocurrency related websites. He has a comprehensive knowledge of exploring different technical tools to analyse market trends of cryptocurrencies. He has over a decade experience of technical analysis and assisting companies to achieve desired solutions. He is avid cyclist and music enthusiasts.