Storj Price Action Resumes Trading in the Green

Today, STORJ has reappeared at the second position on the daily crypto movers’ list. The price of this crypto as of today went up by approximately 5.30%. However, the question we should ask is if the upward traction will keep growing. Let’s zoom in for a closer look at developments in this market.

Storj Analysis Data:
STORJ Attention Token value now: $0.4313
Storj market cap: $178.41 million
Storj moving supply: 412.94 million
STORJ Total Supply: 424.99 million
Storj Coinmarketcap ranking: #164

Major Price Levels:
Top: $0.4486, $0.4520, $0.4580
Base: $0.4450, $0.4430, $0.4400

Storj May Extend Upside Traction, After Finding Support at Fib Level 61.80

Price activities in the STORJ/USD daily market seem to have obtained strong support at the price level of 0.4486. The last price candle on this chart is a green one, and this reflects the prowess of buyers. Also, price action stays above the MA of the Bollinger band indicator. Meanwhile, the RSI lines, though above the 65 levels of the indicator, seem to be detecting headwinds, and this has caused the indicator to pose for a bearish crossover. Likewise, the histogram bars of the MACD are also showing that upward forces are weakening. This can be seen by the fact that the histogram bars are now pale green and shorter. However, the lines of the MACD remain above the equilibrium level and are oriented upward. Consequently, this reveals that upside forces are still around in this market.

Storj Price Bounces of an Important Support

STORJ/USD price action seems set to move upwards. On the 4-hour chart, and with seconds, the price of this crypto has increased from $0.4486 to $t0.4518. Also, the last price candle on this chart seems to be taking off the middle limit of our applied Bollinger band indicator. In addition, the Stochastic RSI lines have indicated through a bullish crossover that upside momentum may increase further in this market. However, the MACD seems divergent from our previous opinion. This could be seen as its lines now trend downward after a crossover. Therefore, traders should maintain caution as they anticipate price in this market may reach around $0.4600.

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