Prepare for liftoff on this one. Digibyte has broken or is in the process of breaking an almost four year down trend line. It depends what time frame you view the chart to tell if the trend line has broken. I am using a weekly in this chart but on the daily it looks to be breaking the downtrend today.
I expect a retrace up to 0.00002 BTC at least. The time frame I am looking at is by August or September. In US dollar terms it would put DGB between 0.20-0.40 depending on if BTC is closer to $10,000 or 20,000. That would put DGB's market cap somewhere between 2-4 billion.
In my opinion Digibyte is one of the most undervalued coins out there. I would look for large corporations to start investing large sums into coin specific blockchains going forward, if these corporations want to stay relevant. DGB would be an ideal candidate for an investment by a large firm.
I expect a retrace up to 0.00002 BTC at least. The time frame I am looking at is by August or September. In US dollar terms it would put DGB between 0.20-0.40 depending on if BTC is closer to $10,000 or 20,000. That would put DGB's market cap somewhere between 2-4 billion.
In my opinion Digibyte is one of the most undervalued coins out there. I would look for large corporations to start investing large sums into coin specific blockchains going forward, if these corporations want to stay relevant. DGB would be an ideal candidate for an investment by a large firm.
Next resistances after that are 0.00000564, 0.00000686, 0.00000779, and 0.00000883.
Support levels are 0.00000437, 0.00000391, 0.00000363 and 0.00000314.
If the market can settle above the mentioned resistance levels, there will be a challenge to highs made last June 3rd of 0.00002695.
I think the most likely scenario is for DGB to continue to rally all the way to 0.00000916 and consolidate before continuing higher.