As per recent news, Ren protocol has partnered with DigiByte (DGB) and LINKSWAP to develop a bridge between Ren and DigiByte. This news is expected to have a positive influence on investor sentiments. DigiByte is more than a faster digital currency. It is an innovative blockchain that can be used for digital assets, smart contracts, decentralized applications, and secure authentication. Past Performance On March 12, 2021, the opening price of DGB was $0.064. As of March 16, 2021, the price closed at $0.066. Thus, the DGB price has surged by approximately 3% in the past five days. In the last 24 hours, the DGB price has fluctuated between $0.068 and $0.072. https://ift.tt/3vx2sC1 Day-Ahead and Tomorrow Currently, DGB is trading at $0.069. The price has increased from the opening price of $0.068. Thus, the market is advancing. The MACD and signal lines are in the positive region. Moreover, a bullish crossover by the MACD line over the signal line gives further credence to bullish market momentum. Hence, we can expect the DGB price to go up further. The RSI indicator is presently at 57%. The RSI faced rejection at 58% and thereafter started falling. Thus, selling pressures are high. If the selling activity takes control of the market, then we can expect a price pullback. As of now, the OBV indicator is upward sloping. Thus, buying volumes are much higher than the selling volumes. High demand for the token will push its price upwards. Thus, the OBV indicator is implying a positive market. DGB Price Analysis Currently, DGB is trading above the Fibonacci pivot point of $0.069. As the market looks bullish overall, we can expect the price to break out of the first resistance level of $0.07, in some time. Presently, the DGB price has tested and broken out of the 61.8% FIB retracement level of $0.069. By the end of the day, if the price manages to breach the 23.6% FIB retracement level of $0.071, then we can expect the price upswing to continue tomorrow as well.
The post Expect a Price Upswing in DGB – Technical Analysis appeared first on Cryptoknowmics-Crypto News and Media Platform.
from Live Crypto News – Cryptoknowmics-Crypto News and Media Platform
