Cryptocurrency News Price Analysis

Price Analysis of DigiByte (DGB) and Polymath (POLY)

Samuel Weis

DigiByte (DGB)

In the past 24-hours, the magnitude of investors accumulating DigitByte has increased, which has resulted in a strong rally. The investors are highly invested in running a strong run, and for that, they have increased their accumulations.

Even now, the investors are showing no laziness in acquiring DigitByte on a high scale. Their determination is defined through the 11.02% rally that has been formed by the investors in the past 24-hours.

If the investors keep showing high determination and confidence, their buying power for DigitByte may continue escalating. This would work out in favor of the bulls as the price of DigitByte may rise to a high level.

At the time of writing, the trading price of DigitByte is $0.03707 per DGB, and if the rally persists, it may surge to $0.03954 per DGB.

Going forward, the bulls may continue building momentum and increase their acquisition power. This would push DigitByte to a high of $0.04210 per DGB.

The bulls may continue building more pressure over the bears and keep pushing them out of the competition. With such sentiments, the price of DigitByte may grow all the way up to $0.04566 per DGB.

Polymath (POLY)

Polymath investors are also showing a lot of interest in powering the buying trend. This is the reason why the investors have formed a strong alliance with the bulls to launch a 9.32% rally in the past 24-hours. At the time of writing, the trading price of Polymath is worth $0.5541 per POLY.

If the investors keep buying Polymath at a higher level, they will succeed in pulling the RSI to their corner. As the trend continues, it is expected that the moving averages for Polymath may also start pointing towards “buy” sentiments.

This would result in pushing the price of Polymath to $0.5815 per POLY. With the technical factors going in favor of the bullish run, the price of Polymath may surge even higher. This would result in pushing the price of Polymath to a high of $0.6133 per POLY.

If the bulls give up against the selling power of the bears, then the investors may end up losing their interest in supporting the bullish trend. They may start backing out from their investments, which may become a huge problem for the bulls.

If that happens, then the price of Polymath may fall to $0.5395 per POLY. This would be just the beginning of the downtrend that Polymath may start experiencing if the bulls do not make a comeback.

If the bulls do not buy the dip, then it’ll be a single bull giving up on their position. In that case, the sellers may continue selling Polymath bringing it lower to $5193 per POLY.