They say that the night is darkest just before dawn, which is especially relevant for a group of altcoins, which includes DigiByte (DGB), that went on a full-scale uptrend right after the market crash, instigated by the coronavirus pandemic.
1-year DGB price action
The chart above shows how DigiByte made a sharp reverse after months of tedious downtrending, which had finally run its course on March 12, when the price sunk to $0.0015, the lowest point since May 2017.
After that, DGB boasted a terrific 725% bull rally that has been lasting for 120 days, thus giving the most industrious traders a lot of money-making opportunities. DGB’s performance profile has also turned positive thanks to the rally as its USD value had fattened up by 130% over the year, and got the same price appreciation in the pair with Bitcoin.
But recently, the eager buyers ran into a serious obstacle at the area between $0.22 and $0.26, an immensely strong historical resistance that runs like a thread throughout the entire history of DGB’s price action.
DGB historical price chart
