📊 $DGB

/USDT Technical Analysis – November 15, 2024

DigiByte (DGB) has shown impressive momentum, surging by +32.43% over the past 24 hours, currently trading at $0.00927. Here's a breakdown of the technical outlook and potential targets for traders to watch:

Key Metrics

Current Price: $0.00927

24h High/Low: $0.00988 / $0.00682

24h Volume: 1.58B DGB (~$13.72M)

Resistance Levels (Targets):

Target 1: $0.01000 (psychological resistance)

Target 2: $0.01150 (recent swing high)

Target 3: $0.01300 (next Fibonacci extension level)

Support Levels:

$0.00850 (short-term support)

$0.00750 (critical support from MA levels)

Technical Indicators

1. Moving Averages (MA):

MA (5): Strong upward trajectory indicates bullish momentum.

MA (10): Supporting price action, suggesting stability above $0.00850.

2. Volume Profile:

High trading volume reflects strong market interest and bullish sentiment.

3. Relative Strength Index (RSI):

RSI is approaching overbought levels, so a short-term pullback might occur before further upside.

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Targets Explained

1. Target 1 – $0.01000:

A key psychological resistance level. A breakout above this level could trigger FOMO buying, pushing the price higher.

2. Target 2 – $0.01150:

Represents the recent swing high from earlier rallies. Breaking this level confirms a sustained uptrend.

3. Target 3 – $0.01300:

Aligns with Fibonacci extension