Storj (STORJ) Bounces Back to Recoup More Profits 

Storj has increased in price by 6.65%. The price action of this crypto seems to have experienced some setbacks in the previous trading session, however, it was able to recover in this session. This seems like a nice performance, let’s get a closer look.

STORJ Analysis Data:
Storj value now: $0.4429
Storj market cap: $177,494,075
STORJ moving supply: 412,937,122
STORJ Total Supply: 424,999,998
Storj Coinmarketcap ranking: #174

Major Price Levels:
Top: $0.4429, $0.4459, $0.4489
Base: $0.4409, $0.4389 $0.4359

Storj Price Action Seems Heading Towards $0.4700 Price Mark

On the daily market, STORJ/USD was able to make more profit in this session than it did in the previous session. At this point, price action appears to have resumed its upward trend. Furthermore, the Stochastic RSI indicator now shows an increase in buying momentum, with its lines moving upward. The MACD indicator lines are now making moves to abort their slightly downward path. Eventually, once the MACD indicator delivers a bullish crossover here (above the equilibrium point), this will confirm that the price may move further upwards.

Storj Price Action Progresses on Its Upside Path

On the STORJ/USD four-hour market, another session has started in the green. Also, the price candle for this trading session appeared very close to the upper limit of the used Bollinger Bands indicator. Consequently, this implies that price action may cover more upside ground in this session. Furthermore, the MACD indicator’s curves are now above the 0.00 mark. Meanwhile, the MACD’s histogram bars are growing solid green to indicate the upside momentum in this market is strong. Also, the lines of the RSI appear to have successfully performed a bullish crossover, confirming that upside momentum is rising. By implication, traders can forecast that this market is heading toward $0.4700.

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