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DigiByte Drops by 5% After Mounting at $0.0078

Written byMaxwell Mutuma
Edited by Niharika Deshpande
October 2, 2019
in Cryptocurrency News
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DGB seems to be acquiring attention from investors and many big partners. They recently partnered with Voyager. The platform which offers commission-free trade for DGB investors. This might help in improving the visibility of DGB network for the users.

DGB to USD Price Analysis:

DGB is currently trading at $0.00741 around 04:46 UTC as on October 2, 2019.

When we analyzed the intra-day movement yesterday, we observe that with DigiByte Forecast‘s help, the DGB price was initially seen trading at $0.00764 around 01:10 UTC. The value from then increased by 5.57% at 03:42 UTC, trading at $0.00787 just to drop by 4.88% at 10:30 UTC, trading at $0.00749.

With the presence of volatility in the market, the price of DGB surged again by 3.72% at 12:10 UTC when the trading value was seen at $0.00777. However, the current trading price reports a drop of 4.83%.

The value of DGB is trading in the bearish zone. This might be a good time to ‘buy’ DGB currency for the potential investors who wish to splurge in the network.

The intraday trading can help the investors to fetch profit on the highest and lowest touch points. The calculated resistance and support levels are as follows:

Resistance Levels:

R1: $0.007777, R2: $0.007966, R3: $0.008113

Support Levels:

S1: $0.007441, S2: $0.007294, S3: $0.007105

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Maxwell Mutuma

Maxwell Mutuma

Maxwell Mutuma is a crypto journalist at NameCoinNews, with over five years of experience in digital media and Web3 reporting. Since turning his focus to crypto in 2020, he has covered articles around blockchain infrastructure, DeFi protocols, exchange developments, and the broader decentralization movement. Maxwell's work is driven by a long-held conviction that decentralised technology represents a genuinely transformative force. He brings that perspective to his coverage of on-chain developments, regulatory shifts, and the global adoption of Bitcoin and digital assets.

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