Digitex Futures (DGTX) Again Broke Down The Crucial Support Level

Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • DGTX prices are reflecting that they are completely losing against the bears, showing signs that prices have developed a negative nature to fall on a gradual basis. 
  • The DGTX/BTC pair is not performing well and suffering from an increase in the loss of -6.34% bringing the level to 0.00000697.

The DGTX bulls are completely out of the trading game as prices are moving in a very venerable position and suffering a lot with current downward momentum. There are no signs in near terms for a breakout and prices are only developing a tendency to fall for further depths. There is a heavy resistance present in the prices and its getting stronger and stronger. 

The support price of 0.04800 is not able to provide any upsurge to the market and only was able to prevent price fall but due to the increase in the negative trade in the cryptocurrency but today, it got defeated as bears broke down this support level resulting in midterm bearish momentum. 

DGTX is trading with the market capitalization of $38,791,641 USD with volume traded of $ 1,097,961 USD and circulating supply of 812,500,000 DGTX. 

Digitex Futures (DGTX) Technical Analysis 

losser
Source:tradingview

The technical chart indicates that bears are getting over the prices completely and maintaining a complete dominance. Digitex Futures being one of the biggest losers in the market among the other currencies when there is a heavy bearish presence in the market. 

DGTX prices are facing heavy selling volume according to the technical indicators as they are trading in the red zone which can be an indication of the upcoming heavy bearish momentum. 

MACD level indicates that there is a heavy increase in the selling volume of DGTX which is a negative sign for altcoin as it is making a further fall with heavy bearish momentum which will likely continue for a longer period.

24hr-RSI is falling towards the depths of the bearish zone from the normal zone and currently it is trading right below the crucial level of 50. 

The 24hr-CCI is trading right at the bottom of the normal zone with negative momentum and might develop a tendency to fall deeper in the overbuying zone. 

Resistance Level: $ 0.04800
Support Level: $ 0.04700

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