STORJ/USD Price Action Advances in Its Upside Trajectory

Azeez Mustapha


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The STORJ/USD price movement resumed its upside retracement, which has developed since the 14th of this month, yesterday. This saw price action in this market rise further into a bullish region after prices increased by 3.05%. Can more be expected of this crypto? Let’s check it out.


STORJ Statistics
Storj Value Now: $0.2865
STORJ Market Cap: $118,467,764
STORJ Circulating Supply: ——
STORJ Total Supply: 403,342,046 STORJ
STORJ CoinMarketCap Ranking: 173


Major Price Levels:
Top: $0.2865, $0.2950, and $0.3500
Base: $0.2840, $0.2800, and $0.2750

STORJ/USD Price Action Advances in Its Upside Trajectory

STORJ/USD Climbs Higher Price Action Climbs Higher


The STORJ/USD price action has risen further into the $0.2800 region after breaking into this region in the just concluded trading session. In this trading session, upside momentum seems to have increased, judging by the size of the price candle that appeared for this session.


Moreover, price activities seem to have gained higher support above the 9- and 21-day Moving Average curves. This is advantageous for price action, as it suggests that price action may gain more upside traction.


In addition, it could be observed that another bullish crossover has been delivered in the overbought region of the Stochastic Relative Strength (RSI) indicator. And by implication, this aligns with the upside expectations in this market.

STORJ/USD Price Action Advances in Its Upside Trajectory

STORJ/USD Stays in Pursuit of the $0.3000 Price Mark


Even on the STORJ/USD 4-hour market, it can be seen that price action is well positioned to continue retracing higher price levels. The last price candle can be seen appearing above the MA lines and the 61.80 Fibonacci Retracement level.


Meanwhile, the Average True Range (ATR) indicator suggests that the market has fairly strong upside momentum. The terminal of this indicator line can be seen pointing upward. Consequently, this indicates that the market may be retracing higher resistance price marks.


Therefore, traders can expect that price action may soon pop the resistance at the $0.3000 price mark.


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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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