Bitcoin and other crypto tokens were trading mostly higher on Tuesday, but a few tokens saw some profit booking. However, the overall market sentiments remained positive as the market repaired the damage from last year’s catastrophes. Though, the action could be tame as the US observed a holiday today.
DigiByte (DGB) is a blockchain and platform for creating assets that operates on an open-source framework. Its primary objective is to enhance the security, capacity, and transaction speed of the Bitcoin blockchain. The DGB/USDT chart had been in a consolidation phase since the past few weeks.
Image: Chart-DIgibyte
However, on the weekly timeframe, the DGB price has broken above the descending trendline and is expected to continue its upwards trajectory in the coming few days. The weekly RSI has surged above 50 for the first time in nearly 75 days. The next resistance is expected at $0.01 and an immediate support is expected at the $0.0078 level.(Views and recommendations given in this section are the analysts’ own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)