DigiByte had rolled up from its support zone with a massive return in February to the beginning May period. The coin uplifted drastically after forming its first resistance at $0.093 and the higher one at $0.185.
In the daily chart, DigiByte is currently in its support zone at the current price of $0.052 and is moving sideways in between the channel. There was a formation of a bearish engulfing pattern on November 12 & 13, after which the prices began to reduce, and bearish candles were formed with lower highs and lower lows for two consecutive days taking the price low to $0.050.
The MACD indicator indicates an upcoming bearish momentum of the DGB coin as the MACD line is below the signal line, and the histogram chart shows red candles. The RSI, currently at 34, is about to reach its oversold zone. If the coin continues to descend after $0.043, it may drop to $0.032 in the long term.
In one week, the DigiByte price prediction fell significantly. In the weekly chart, the price moving in between the channel and the price is moving in between the high of $0.079 and low of $0.051. The price may reach its lower channel line of $0.032.
In the 4-hourly chart, the price has suppressed the up-trend line and is moving downwards. The price is following the downtrend line and is heading to its lows of $0.043. The price got tested several times at the up-trending line but was neglected. The price is currently moving in between the triangle pattern. In the upcoming days, if the price doesn’t cross its low of $0.051 and the coin begins to uplift following the up-trending line, an augment in the price can be expected.
