DigiByte Price Prediction 2021 – Will DGB Hit $0.110 Soon?

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  • The range of bullish DGB price predictions is $0.049 to $0.106.
  • The price of DGB may shortly hit $0.110.
  • For 2021, the DGB bearish market price forecast is $0.020.

We utilize data, price trends, RSI, and other information about DGB to evaluate the cryptocurrency’s future movement in DigiByte price forecast 2021.

DigiByte (DGB) is a blockchain and asset creation platform that is open-source. The DGB cryptocurrency was developed as a split of Bitcoin in January 2014. (BTC). DigiByte utilizes five distinct algorithms to enhance security, with the primary goal of increasing the security, capacity, and transaction speed of the Bitcoin blockchain. DGB is a proof-of-work (PoW) cryptocurrency in which miners are rewarded with tokens for verifying blocks.

The DGB price is now trading at $0.04653 with a 24-hour trading volume of $23,462,652 according to CoinGecko. In addition, DGB has risen 8.59 percent in the past 24 hours.

DGB, on the other hand, has a circulating supply of 14.54 billion DGB. DGB is currently traded on Binance, OKEx, Huobi Global, Upbit, and HitBTC, among other cryptocurrency exchanges. 

Price Prediction for DigiByte (DGB) in 2021

On CoinGecko, DigiByte (DGB) is now ranked 93rd. The price of DGB in 2021 is forecasted using a daily time period, as shown below.

DGB/USDT Daily Time Frame Price Chart (Source: TradingView)

The Descending Triangle pattern may be seen in the graph above. A descending triangle pattern is a bearish chart pattern formed by connecting a series of lower highs with a series of lower lows using one trend line and a second horizontal trend line. It may be detected on a chart by creating trend lines for the highs and lows. A descending triangle pattern is the inverse of an ascending triangle pattern, which is a trend line based chart pattern. 

If the DGB price breaks through the resistance level of $0.048, it will approach the targets of $0.057 and $0.076 on the daily time frame chart. Otherwise, the price of DGB will drop to the $0.032 support level. As a result, the DGB’s trend is dependent on the breakout.

Support and Resistance Levels for DigiByte (DGB)

The DGB support and resistance levels are shown in the chart below.

DigiByte Price Prediction 2021 – Will DGB Hit $0.110 Soon?Support and Resistance Levels for DGB/USDT (Source: TradingView)

The resistance and support levels of DGB are clearly visible in the above daily time frames.

  • $0.049 is the first level of resistance.
  • Level 2 (Resistance): $0.078
  • $0.106 as a level of resistance
  • Level 1 Support – $0.029
  • Level 2 Support – $0.020

DGB has been on a bullish trend for the last month, according to the charts. If the current trend continues, DGB may catch up with the bulls and break over the $0.106 resistance level.

As a result, if investors turn against cryptocurrency, the price of the DGB may fall to around $0.020, indicating a negative indication.

Average Directional Index for DigiByte (DGB) (ADX)

Let’s look at DGB’s average directional index (ADX). The Average Direction Index (ADX) is a tool that traders use to assess the strength of a trend rather than its direction. It may be used to see whether the market is shifting or if a new trend is beginning. It contains the ADX line and is linked to the Directional Movement Index (DMI).

Furthermore, the oscillator’s range is 0 to 100. A strong trend is indicated by a high value, whereas a weak trend is shown by a low value. It is often used in conjunction with directional indicators.

The ADX of DGB remains above the range of 20, indicating a weak trend, as seen in the chart above.

Conclusion

The DGB is one of the cryptos that has managed to hold its ground in a negative market. As a result, we have a positive long-term DGB price forecast for 2021. This year, it has a good chance of surpassing its current all-time high (ATH) of $0.1780. This will only happen if it overcomes numerous previous psychological barriers.

With the continuous improvements and upgrades inside the DGB ecosystem, the DGB ecosystem may have a bright future in 2021. It may soon hit $0.106 and even higher levels, but it is more likely to reach $0.110 if investors believe DGB is a solid investment in 2021.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

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DGB is a cryptocurrency that has been around since 2014. It is currently worth Answer1.0014 and was trading at Answer1.01 in January of 2018."}},{"@type":"Question","name":"Can DGB reach $10?","acceptedAnswer":{"@type":"Answer","text":" DGB is currently at Answer2.07, so it is unlikely that it will reach $10 in the future."}},{"@type":"Question","name":"Does DigiByte have a future?","acceptedAnswer":{"@type":"Answer","text":" DigiByte has a bright future ahead of it. It is currently the 12th most valuable cryptocurrency in the world with a market cap of $1.6 billion and is trading at Answer3.065 per coin."}}]}

Frequently Asked Questions

Is DGB a good investment 2021?

DGB is a cryptocurrency that has been around since 2014. It is currently worth $0.0014 and was trading at $0.01 in January of 2018.

Can DGB reach $10?

DGB is currently at $0.07, so it is unlikely that it will reach $10 in the future.

Does DigiByte have a future?

DigiByte has a bright future ahead of it. It is currently the 12th most valuable cryptocurrency in the world with a market cap of $1.6 billion and is trading at $0.065 per coin.

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