STORJUSDT Buyers Are Rallying Behind Support at the $0.4300 Price Level

As soon as price action tested the resistance at $0.5104, the market reversed, retreating below the $0.4500 price mark. However, the current session seems to be revealing that buyers are now going long in anticipation of an overall uptrend continuation.

Storj Statistics:
STORJ Value Now: $0.5324
Storj Market Cap: $174,178,791
STORJ Circulating Supply: 397,797,571
Storj Total Supply: 424,999,998
Storj CoinMarketCap Ranking: 140

Major Price Levels:
Top:  $0.4345, $0.4400, and $0.4500
Base: $0.4300, $0.4200, and $0.4100

STORJUSDT Buyers Are Re-Entering the Market Below the $0.4500 Price Mark

As earlier mentioned, price action in the STORJUSDT daily market has started experiencing some upside push in the ongoing session. This seems pretty much like an attempt to continue the overall uptrend in this market. A green price candle has appeared above in this market, while trading activities continue to occur at a significant distance above the 50-day Moving Average (MA) line.

Likewise, the Moving Average Convergence Divergence MACD indicator lines are now very close to each other in an attempt to deliver an upside crossover while above the equilibrium level. Nevertheless, the bars of the MACD indicator seem to indicate that upside momentum is growing weaker, considering the decreasing length of its bars.

Storj Upside Hopes Stay Generally Bright

In the STORJUSDT 4-hour market, price movements have revealed that the market has made some bounces off the floor of an upside-sloping price channel. Unfortunately, a red price candle has appeared in the ongoing session, introducing some minimal downward correction. However, price action remains considerably close to the 50-day MA line as a resistance.

Meanwhile, the MACD lines are smoothly converging for a bullish crossover just below the equilibrium level. This suggests that more upside momentum may be delivered to price movements, causing Storj’s price action to cross above the 50-day MA line. Should this occur, it will brighten hopes of price action rising past the $0.4500 mark.

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