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The Digibyte price surged 14% in the last 24 hours to trade at $0.0111 as of 09:09 p.m. EST on trading volume that rose 188% to $37.6 million.
Digibyte Price Breakout Signals Bullish Potential
Looking at the daily chart, the DGB price was previously trading in a downward wedge pattern, a structure typically associated with potential bullish breakouts. The pattern was characterized by lower highs and lower lows, indicating a period of consolidation and decreasing volatility.
At point C, the Digibyte price reached its lowest range before rebounding and moving toward the resistance area.
DGB then successfully broke out above the descending wedge, marked as the breakout point on the chart. This breakout coincided with a move above the 50-day Simple Moving Average (SMA) and the 200-day SMA, both of which are important dynamic resistance levels.
Meanwhile, the Relative Strength Index (RSI) is currently sitting at 68.27, which is close to the overbought territory (above 70). This suggests that the price of DGB is experiencing strong buying pressure but could also face a short-term pullback before continuing its upward trajectory.
The blue Moving Average Convergence Divergence (MACD) line is currently above the signal line, with histogram bars turning green. This bullish crossover indicates that momentum is favoring the bulls, reinforcing the strength of the breakout.
DGB/USDT Chart Analysis (Tradingview)
DGB Price Prediction
With the current breakout, the Digibyte price is showing strong bullish momentum.
If buyers maintain control, the price of Digibyte could aim for the $0.02 resistance level, representing a potential 70% increase from the current price. However, traders should watch for a possible retest of support near the $0.0093-$0.0095 range before further upside continuation.
A failure to sustain the breakout could lead to a retest of lower support around $0.009 or even the $0.0075 level if selling pressure increases.
Even as the DGB price surges, investors are shifting to a new meme coin called Meme Index (MEMEX).
According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.
Meme Index Closes On $4 Million – Last Chance To Buy
Meme Index, a smart investing solution for meme coins, has raised over $3.9 million in its presale, which closes in 22 days, on March 31.
Savvy crypto investors can take advantage of this final chance to contribute to the first-ever decentralized meme coin investing platform, which provides exposure to baskets of meme coins simply by buying the $MEMEX token.
The project brings the concept of index investing, which is widely used in the stock market, to the meme coin market for the first time.
GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and better than ever! With Solana at the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Stay glued for exclusive alpha, insights, and updates on the hottest meme coins!
— Meme Coin Mania (@MemeCoinMania77) February 5, 2025
MEMEX token holders can invest in 4 different meme coin baskets, ranging from the lowest risk Meme Titan Index, which invests in top meme coins like Dogecoin and Shiba Inu, to the highest risk Meme Frenzy Index, which invests in newly emerging, high-risk meme coins.
In between are the Meme Moonshot Index, and Meme Midcap Index.
MEMEX holders can also take part in its presale staking pool, which currently provides a stratospheric annual yield of 575%.
You can purchase MEMEX tokens on the official website for just $0.0166883.
Buy MEMEX before it’s too late.
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