Lorenzo Stroe
Independent Analyst
- DBG/USD managed to hold the support level at $0.016.
- The daily uptrend is still in play and bulls are looking to break $0.0247.
- DGB was listed on Binance on June 22
DigiByte sees meteoric gains today after a violent move up destroying several short-term resistance levels. DGB has been bullish pretty much since March but slowed down after peaking at $0.0299 on May 7. Bears confirmed a daily downtrend, but the buyers managed to turn it around and DGB is again inside a daily uptrend. After the recent listing on Binance, DGB has seen a significant increase in its trading volume which sparked a massive bull move.
DGB/USD daily chart
-637284309094273312.png)
Bulls pushed DGB above the daily 12-EMA at $0.019 and the 26-EMA at $0.0188. Surprisingly the RSI is only at 40 points. DGB pulled back a little from the high of $0.023 but recovered and it’s currently trading at $0.0229. This bull move was most likely sparked by the defense of the $0.016 support level established on June 10 plus the listing on Binance, the most popular exchange in the world.. This was the higher low of the daily uptrend, after successfully protecting it, buyers succeeded to push DGB back above both EMAs.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Bitcoin Weekly Forecast: BTC bloodbath continues, near 30% down from its ATH
Bitcoin price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week.
Cardano poised for double-digit drop amid market weakness
Cardano price is extending its decline by nearly 7%, trading around $0.60 on Friday after falling 23% this week. Santiment data support this decline as ADA daily active addresses are falling, and the technical outlook indicates a continued correction, with ADA potentially facing an additional double-digit decline.
XRP short-term holders dominate sell-off as whales buy the dip
XRP short-term holders dominated the selling activity during the recent market crash. XRP whales have been accumulating more tokens during the crash, adding over $1 billion worth of tokens. XRP could bounce off the lower boundary of a descending channel if it fails to hold the $1.96 support level.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP continue to sell off
Bitcoin (BTC) price continues declining on Friday after falling more than 15% this week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and declined by nearly 24% and 21%, respectively.
Bitcoin: BTC bloodbath continues, near 30% down from its ATH
Bitcoin (BTC) price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.