During the past week, DigiByte went sharply down and lost to Bitcoin 0.70% more than 50% while moving from 160 satoshi down to 70 satoshi. But it found the support at 127.2% Fibonacci retracement level applied to the last corrective wave up which is 83 satoshi. Although price spiked down lower and rejected the downtrend trendline , it recovered quickly and broke above the downtrend trendline .
Current corrective wave down is showing that the 83 satoshi support is being rejected for the second time which could potentially result in a trend reversal for DGB/BTC.
The DigiByte price remains extremely cheap, that could attract more and more investors over the coming week, although break and daily close below the 70 satoshi low would invalidate bullish outlook. Still, the risk/reward ratio is huge and many could consider DigiByte a worthy investment.
