DigiByte (DGB) displayed great resilience amid the recent bearish attack on the cryptocurrency market that substantially damaged most markets and spurred the talks about the end of the altseason that commenced with the rise of the DeFi sector.
The bulls are feeling confident in this market
The coin that fuels the three-layer blockchain system for smart contracts and decentralized applications has had a splendid year as it gained 252% against USD, 239% in the Bitcoin market, and 121% in the pair with Ethereum. Last month has also been very productive for DGB since buyers managed to hold the uptrend structure together and keep the price flow above the 200-period EMA despite the large dip taken to $0.02 in the first week of September, where the price had consolidated for a few days before initiating an explosive recovery, gaining 54% against USD in four days.
At the moment, DigiByte is priced at $0.027 on the back of the 7% drop in the last 24 hours, during which the price tested the support at $0.024 that coincides with the 50-period EMA. Despite making a swift recovery, DigiByte still hasn't confirmed the intention to maintain the uptrend, although it is arguably the most promising coin in that regard.