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STORJ/USD claims the 2nd position on the crypto daily movers list as its price moves up by 2.13%. Consequently, this pushed the STORJ/USD price to $0.4284. Will price action progress further in this market? Let’s examine the possibilities.
STORJ Analysis Data:
Storj value now: $0.4285
STORJ market cap: $169.46 million
STORJ moving supply: 412.94 million
Storj Total Supply: 424.99 million
Storj Coinmarketcap ranking: #170
Major Price Levels:
Top: $0.4284, $0.4300, $0.4340
Base: $0.4250, $0.4220, $0.4200
Storj Price Action Continues Thrusting Towards $0.4555 Resistance Level
The last price candle on the STORJ/USD daily market seems to portray that market bulls are deliberate about finding support above the $0.4555 price mark. Generally, we can see that price action continues to glide above the MA line of the Bollinger Bands indicator. Meanwhile, the lines of the MACD indicator retain their upside path after it aborted a bearish crossover. Likewise, the RSI indicator lines could also be seen moving upward and are now around the 50 mark of the indicator. Technically, based on signals from trading indicators, we can predict that Storj prices in this market may climb higher.
Storj Stays on Top of Headwind
The STORJ/USD 4-hour market reveals that the headwind in this market may be too weak. Looking at the market chart, it could be observed that a red-price candle has appeared. And, by implication, it suggests that headwinds may have started acting on price action. However, the Stochastic RSI lines are showing that upside momentum may be growing in strength. This could be observed as the lines of this indicator can be seen performing another bullish crossover while in the overbought region. Likewise, the MACD indicator lines keep moving upward above the equilibrium level. All the perceived signs in this market are against what the appearance of the red price candlestick suggests. Therefore, we can conclude that Storj price action may keep heading toward the $0.4555 price level.
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