As of the time of writing, the STORJ/USDT market has pushed higher, with its price increasing by an additional 2.29%. This gain was enough to place the token among the top-performing cryptocurrencies. Let’s take a closer look at the market in more detail below.
STORJ Statistics
Storj Current Price: $0.3111
Market Capitalization: $125.97M
Circulating Supply: 402.21M
Total Supply: 424.99M
CoinMarketCap Rank: 295
Key Price Levels
Resistance: $0.3500, $0.4000, $0.4500
Support: $0.3000, $0.2500, $0.2000
STORJ/USDT Minimal Gain Is Impactful
In the Storj daily market, price action appears to have successfully established a new support level. Although the last price candle is small, its green appearance and its current position suggest an optimistic outlook. The ongoing session is finding support at the $0.3000 price level.
As a result, this market appears to be on its way to retesting the 50-day Moving Average (MA) line as a resistance level. Meanwhile, the Stochastic Relative Strength Index (RSI) indicator lines continue to trend upward after forming a bullish crossover above the 80 mark. Technically, this suggests that bullish momentum remains dominant despite the overbought condition.
Storj Set to Keep Moving North
The STORJ/USDT 4-hour market indicates that bullish forces are likely to maintain control. Consequently, this could drive the market further upward, potentially breaking through the current resistance at the 200-day MA curve. The most recent price candle on the chart is red, which has appeared due to a previous resistance test in the last session.
Nevertheless, price action remains above most of the MA lines and continues to challenge the barrier formed by the 200-day MA.
Additionally, the Stochastic RSI lines just delivered a bullish crossover above the 50 mark. This suggests that price action may approach the $0.3500 threshold.
Make money without lifting your fingers: Start trading smarter today
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
