DigiByte receives a long-term average technical rating of 45 from InvestorsObserverresearch based on historical trading patterns. The proprietary scoring system assesses price movement over the past few months to a year, analyzes the coin’s support and resistance levels, and where it sits relative to long-term averages to determine if it is a a strong buy-and-hold investment opportunity. DGB currently holds a long-term technical analysis score above 45% of the cryptos in circulation. This ranking metric is particularly useful for buy-and-hold type investors looking for consistent strong growth when allocating their assets. coins with a high technical score in the long and short term can help indicate assets that have bottomed out, giving investors a chance to “buy the dip”.
DGB is currently -$0.0018020 (-7.08%) below its 100-day moving average price of $0.025469225 with its current price of $0.023667234. Meanwhile, DigiByte is $0.0071284 (-66366.85%) above its 52-week low of $0.016538879 and $-0.15880395 (-5467.35%) in below its 52-week high of $0.182471186. The current price against its moving average and 52-week highs and lows leads to a long-term average technical score of 45. DigiByte’s long-term trading history trends suggest that traders are currently bearish on the room. DigiByte has a total market value of $359,796,247.41 with an average daily volume of $179,275,052.62 of currency traded over a typical 24-hour period. In the past 24 hours, DGB volume is below its average with $19,586,446.69 traded in total. The digital currency subclass of this coin: digital currency is an asset, commodity, or currency intended to maintain value and liquidity over time so that it can be used similarly to fiat currencies .
DGB’s historical trading over the past year gives it a long-term average technical score of 45, as its price movement over this period has given investors reason to be bearish on the coin over the long term. . Click here for the full DigiByte (DGB) report.
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