DigiByte News

DigiByte (DGB) Reclaims Monthly High and Trades at $0.0235

DigiByte is exhibiting amazing momentum in the intraday trading and is at $0.0235, at the press time. DigiByte has gained approximately 400% in over 90 days from trading around $0.0050 to hitting an ATH at $0.026.

DGB coin that otherwise was luring no good news in the past three years has hit the dashboards of investors portfolios in the ongoing year. The currency started the year by trading with a flat trend line until it picked up the pace to hit an All-Time High.

Along with Chainlink, Verge, VeChain, DigiByte has been gained enough impetus recently. With these developments, the stated altcoins have lured amazing trading volumes, MCap, networkers, and social media presence in just a few months after the massive sell-off in March.

Although 2020 has not been a welcoming year so far extensively, but is pretty dolled up for altcoins like DigiByte, Link, XVG, ADA, etc. DGB is believed to be the best project and the most decentralized so far when compared to other contract-based smart blockchain platforms.

DigiByte Price Analysis

DigiByte, around the press time, was hitting a 30-day high at $0.0237 against the US Dollar with a widened volatility projected in the short-term. The price trend of DGB/USD is hitting the upper 20-day Bollinger Band with complete bullishness and is holding complete support from 50-day and 200-day daily MA. DGB in itself is volatile crypto and is believed to be all geared up for fetching impressive gains in the ongoing year.

The technicals are drawing a reminiscence of complete bullish crossover in the intraday, and the MACD is seen crossing above the signal line as DigiByte reclaims 30-day high. The RSI is at 70.06 and is already hinting towards elevated demand due to price spike.

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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