DigiByte (DGB) Breaks Resistance With Rounding Bottom, Eyes $0.012 Target

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DigiByte has completed a textbook rounding bottom and broken resistance between $0.0083–$0.0087 with strong volume support.

DGB is currently trading above both the 9-day EMA and the 50-day SMA indicating bullish structure and strong momentum

The breakout provides room for a potential rally to the $0.0100 and $0.0120 as accumulation is transitioning to trend continuation.

DigiByte (DGB) is exhibiting bullish reversal patterns after breaking out of a traditional rounding bottom pattern. The price broke above key technical levels after months of declines. Importantly, the breakout is supported by increasing volume and stacked with moving averages, pointing to the potential for a sharp upside rally.

Rounding Bottom Confirms Trend Shift

DigiByte has formed a textbook rounding bottom on the daily chart, signaling a long-term accumulation phase. The price dipped to $0.006 in late June, forming a smooth curved base after falling from highs of $0.013.

Since then, bulls have gradually pushed DGB higher. The structure shows renewed confidence in the asset. Additionally, the pattern highlights a potential trend shift from bearish to bullish.

Currently, DGB has broken above a key neckline resistance zone between $0.0083 and $0.0087. This level had previously acted as a supply zone. Now, it is being reclaimed as support.

Moreover, price is holding above the 9-day EMA ($0.00855) and the 50-day SMA ($0.00823). This crossover is an extremely bullish sign and is often called a golden cross.

Volume is also confirming the trend. DGB’s trading volume reached 8.45 million, significantly supporting the recent breakout. Sustained volume is critical for continuation.

Bullish Momentum Builds Toward $0.01

If DGB maintains support above $0.0085, bulls could push the price to the next targets at $0.010 and $0.012. These levels lie near the mid and upper range of the cup.

Moreover, the market structure points to sustained accumulation. The breakout from this rounding bottom suggests strong buying interest.

However, failure to hold above the reclaimed zone could lead to a pullback to $0.0078–$0.0082. This level would likely act as a secondary base for consolidation.

Still, momentum remains on the bullish side. With rising volume and technical strength, the next few sessions are crucial for DGB’s breakout continuation.DigiByte is currently trading at $0.008968, an increase of 0.38% over the last 24 hours and an increase of 11.32% in the last 7 days. A confirmed trend reversal seems to be underway and technical indicators are also flashing green for more bullishness ahead.

The post DigiByte (DGB) Breaks Resistance With Rounding Bottom, Eyes $0.012 Target appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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