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