DGB / TetherUS
Long

DGB/USDT – Preparing for a Rebound from a Historical Demand Zone

58

🔍 Pattern and Structure Analysis

The DGB/USDT pair is currently testing a historical demand zone in the 0.00550 – 0.00733 USDT area (highlighted in yellow). This zone has proven to be a strong bounce area since mid-2022. The price structure is forming a large double bottom in this support zone, indicating a potential medium- to long-term bullish reversal pattern.

🟢 Bullish Scenario

If the price successfully holds and bounces from this support:

Short-term targets: 0.00832 – 0.01067 USDT

Mid-term targets: 0.01343 – 0.01807 USDT

Long-term targets: 0.03207 – 0.03845 USDT


This potential upside is supported by an emerging early-stage parabolic move, as illustrated by the yellow projection arrow. If volume increases and market sentiment improves, we may see a multi-wave recovery pattern unfold.

🔴 Bearish Scenario

However, if the price breaks down below the key support at 0.0055 USDT:

It may retest the all-time low around 0.00500 USDT

Such a breakdown would invalidate the long-standing support structure and may lead to further downside pressure


🧩 Pattern Summary

Pattern: Double Bottom / Accumulation Zone

Timeframe: 1W (Weekly)

Current Sentiment: Neutral to Bullish, depending on confirmation of a rebound from the yellow zone

🧠 Additional Notes

This accumulation zone may present a valuable opportunity for swing traders or long-term investors looking for entries at undervalued levels. However, it's crucial to wait for volume confirmation and a strong reversal candlestick pattern before entering.

#DGB #DGBUSDT #AltcoinAnalysis #CryptoWeekly #DoubleBottom #SupportZone #ReversalPattern #CryptoSignals

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.