DGB Token: Market Analysis (Dino Token)As one of the oldest tokens on the market since 2014, DigiByte (DGB) OKX:DGBUSDT continues to showcase its resilience through multiple cycles. Here’s a deeper dive into its current and potential movements.
Monthly Timeframe
On the monthly chart, DGB is trading in a clear accumulation zone, indicating potential preparation for a larger move.
The primary liquidity pools are positioned below the zero level and within the Fair Value Gap (FVG) on the weekly timeframe.
The highlighted zone within the FVG could serve as an excellent point for partial profit-taking.
Observing the timing of this cycle will be crucial to identifying optimal entry and exit points.
Based on the Market Mood indicator, the current sentiment in the market is in the Disbelief zone, which often precedes a potential trend reversal.
Large players accumulated significant positions back in December 2022, as shown by strong inflows during that period based on my money power indicator
A potential breakout toward historical highs remains a possibility, provided strong capital inflows.
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