Latest DigiByte (DGB) Price Analysis

By CMC AI
07 October 2025 07:55PM (UTC+0)

Why is DGB’s price down today? (07/10/2025)

TLDR

DigiByte fell 5.76% in the past 24h, underperforming the broader crypto market (-3.06%). Here are the main factors:

  1. Technical Retracement – Failed to hold key $0.0085 support after July’s breakout

  2. Altcoin Rotation – Capital shifting to Bitcoin as Altcoin Season Index drops 11%

  3. Staking Rate Cuts – Bitvavo’s Flex Staking for DGB reduced to 0.5% APY (Bitvavo)

Deep Dive

1. Technical Breakdown (Bearish Impact)

Overview: DGB broke its rounding bottom pattern in July 2025, surging 11% weekly to $0.00896. However, it failed to sustain above the critical 9-day EMA ($0.00855) and Fibonacci 23.6% level ($0.00848).

What this means: The breakdown triggered stop-loss orders below $0.008, exacerbated by RSI 58.62 showing room for further downside. Volume during the drop ($5.03M) was 6.78% higher than average, confirming bearish conviction.

What to look out for: A close below $0.0078 (July low) could invalidate the bullish pattern, targeting $0.007.

2. Altcoin Capital Outflows (Mixed Impact)

Overview: Bitcoin dominance rose to 58.21% (+0.31% in 24h), while the Altcoin Season Index fell to 56 from 63 yesterday.

What this means: Traders are reducing exposure to mid-cap alts like DGB amid renewed institutional interest in BTC ETFs, which saw $161.6B AUM inflows this week. DGB’s 24h turnover of 3.53% signals thin liquidity magnifying the sell-off.

3. Reduced Passive Yield Appeal (Bearish Impact)

Overview: Bitvavo’s August 4 update cut DGB’s Flex Staking APY to 0.5%, far below competitors like LPT (10.1%) or ATOM (3.7%).

What this means: With 17.9B DGB in circulation, the yield reduction disincentivizes holding for passive income. This comes as crypto’s risk-adjusted returns focus shifts to high-stake coins amid rising Treasury yields.

Conclusion

DGB’s drop combines technical profit-taking, sector-wide altcoin weakness, and diminished yield appeal. While the blockchain’s gambling-sector adoption (CoinMarketCap) provides long-term utility, short-term sentiment hinges on Bitcoin’s trajectory.

Key watch: Can DGB defend its 50-day SMA ($0.00823) amid rising BTC dominance?

Why is DGB’s price up today? (06/10/2025)

TLDR

DigiByte (DGB) rose 0.96% in the past 24h, slightly lagging the broader crypto market (+2.44%). The uptick aligns with a 14.7% weekly surge, driven by technical momentum and community activity. Key factors:

  1. Technical Breakout – Cleared resistance at $0.0083–$0.0087 with a bullish chart pattern.

  2. Network Upgrades – Recent codebase improvements attracting developer interest.

  3. Community Sentiment – Social media buzz around adoption and low fees.

Deep Dive

1. Technical Breakout (Bullish Impact)

Overview: DGB broke above the $0.0083–$0.0087 resistance zone on July 19, completing a “rounding bottom” pattern (CryptoFrontNews). The price currently trades above the 9-day EMA ($0.00855) and 50-day SMA ($0.00823), signaling a golden cross.

What this means: The breakout suggests a trend reversal from bearish to bullish, with buyers targeting $0.010–$0.012 if support at $0.0085 holds. The 7-day RSI (72.92) nears overbought levels, indicating short-term caution.

What to watch: Sustained volume above $4.8M daily (current: $4.89M) to confirm momentum.


2. Network Development (Mixed Impact)

Overview: DigiByte merged a major code update (PR #327) integrating Bitcoin Core innovations, including Taproot support and faster synchronization.

What this means: While upgrades enhance scalability and security, mining centralization concerns (noted in June 2025 casino integrations) linger. The improvements could attract developer activity but require broader adoption to drive lasting demand.


3. Community & Use Case Growth (Bullish Impact)

Overview: DGB’s low fees ($0.0005/transaction) and 15-second block times are being highlighted in gambling platforms like 22Bet and FortuneJack. Social media campaigns (e.g., trending on CoinMarketCap August 4) amplified retail interest.

What this means: Niche adoption in sectors valuing speed/cost efficiency could stabilize demand. However, competition from Ethereum/Bitcoin layer-2 solutions limits upside.


Conclusion

DigiByte’s 24h rise reflects a mix of technical momentum, network upgrades, and targeted community engagement. While bullish signals dominate, the lack of outperformance vs. the broader market (up 2.44%) suggests cautious optimism.

Key watch: Can DGB hold $0.0085 support, or will profit-taking trigger a pullback to $0.0078–$0.0082? Monitor hourly volume and BTC dominance trends.

CMC AI can make mistakes. Not financial advice.