---$DGB
📈 DGB/USDT Daily Chart Update – Strong Bounce from Support!
The DGB/USDT pair on Binance has surged by 9.68%, currently trading at $0.01382. The recent bounce from key support levels indicates renewed bullish momentum.
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Key Observations
1. Critical Support Zone:
The price has bounced strongly from the support range of $0.01266 (yellow) and $0.01180 (blue), forming a solid base for further upward movement.
2. Ascending Trendline Support:
The ascending white trendline continues to act as a dynamic support, aligning well with recent price action.
3. Moving Averages:
DGB is reclaiming its position above the 50-day moving average (yellow line), signaling a shift toward bullish sentiment.
4. Increased Volume:
Today’s move is accompanied by higher trading volume, indicating strong buying interest at the support levels.
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What to Expect Next?
1. Bullish Scenario:
If the price sustains above $0.01382, DGB/USDT could target higher resistance zones at $0.01500 or even $0.02000 in the medium term.
2. Bearish Scenario:
A drop below $0.01266 may lead to a retest of the ascending trendline or even the lower support at $0.01180.
3. Indicators to Watch:
RSI: Watch for overbought conditions as the price approaches resistance levels.
Volume Trends: Sustained high volume is crucial for validating the breakout.
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Trading Strategy
For Bulls:
Look for a breakout above $0.01415 for confirmation of continued bullish momentum. Use tight stop-loss levels to manage risk.
For Bears:
Wait for signs of rejection at resistance levels or a breakdown below $0.01266 to consider short positions.
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💡 Pro Tip: Always combine technical analysis with broader market trends and news to make informed trading decisions.
Do you see DGB/USDT continuing its upward journey, or are we in for a reversal? Share your thoughts
in the comments below!
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