- DBG/USD managed to hold the support level at $0.016.
- The daily uptrend is still in play and bulls are looking to break $0.0247.
DigiByte sees meteoric gains today after a violent move up destroying several short-term resistance levels. DGB has been bullish pretty much since March but slowed down after peaking at $0.0299 on May 7. Bears confirmed a daily downtrend, but the buyers managed to turn it around and DGB is again inside a daily uptrend.
DGB/USD daily chart
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Bulls pushed DGB above the daily 12-EMA at $0.019 and the 26-EMA at $0.0188. Surprisingly the RSI is only at 40 points. DGB pulled back a little from the high of $0.023 but recovered and it’s currently trading at $0.0229. This bull move was most likely sparked by the defense of the $0.016 support level established on June 10. This was the higher low of the daily uptrend, after successfully protecting it, buyers succeeded to push DGB back above both EMAs.
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