STORJUSDT Corrects off Multi-Month Low, Eyes Breaking the $0.2712 Mark
Login

STORJUSDT Corrects off Multi-Month Low, Eyes Breaking the $0.2712 Mark

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



Recently, price action in the STORJUSDT market has corrected off a multi-month low at the $0.203 mark. Today, this token has experienced an additional price increase of 4.34% as of the time of writing. What are the chances of seeing more price increases in this market?

Storj Statistics:
STORJ Value Now: $0.2465
STORJ Market Cap: $95,512,103
Storj Circulating Supply: 387,445,110
Storj Total Supply: 424,999,998
STORJ CoinMarketCap Ranking: 186

Major Price Levels:
Top: $0.2466, $0.2550, and $0.2750
Base: $0.2400, $0.2300, and $0.2200

STORJUSDT Corrects Off Multi-Month Low, Eyes Breaking the $0.2712 Mark

STORJUSDT Still Has the Prospect of Extending the Upside Correction

In today’s trading, the STORJUSDT price action has moved by more than 4.34%. However, looking at the daily chart for this token, it could be perceived that headwinds have caused a considerable downward correction. This is portrayed as the last candle here, which has a long shadow.

Nevertheless, the token is still trading on favorable grounds above the 9- and 21-day Smooth Moving Average (SMA) lines. Furthermore, the Relative Strength Index (RSI) indicator can be seen converging in the overbought region. But considering the orientation of the point of convergence, it seems that prices may still proceed upwards.

STORJUSDT Corrects Off Multi-Month Low, Eyes Breaking the $0.2712 Mark

STORJUSDT Is Holding On to Upside Hopes Amidst Reducing Activities

The STORJUSDT market has revealed that buyers in this market are resilient. This could be observed as another dashed-shaped but green price candle appeared, following a red one of the same type. However, one favorable aspect of this is that price activity remains above the SMA lines. On the contrary, a crossover indicating a trend reversal seems to have been delivered on the RSI indicator.

Nevertheless, if buyers grow stronger in the ongoing session, the anticipated downward correction going by the RSI lines will likely be aborted. Consequently, price action may then extend the upside retracement towards the $0.2600 mark.

Buy STORJ on eToro

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News