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Price activity in the STORJUSDT daily market has welcomed a significant amount of tailwind. This has pushed the token out of trading within a narrow price range formed by the $0.7126 and $0.7733 price levels. Interestingly, bulls are, as of the time of writing, still very dominant at this point.
Key Storj Statistics:
Current Basic STORJ Value: $0.8664
STORJ Market Cap: $327,993,843
STORJ Circulating Supply: 388,067,933
Total Supply of Storj: 424,999,998
STORJ CoinMarketCap Ranking: 136
Key Price Levels:
Resistance: $0.8664, $0.8700, and $0.8800
Support: $0.8600, $0.8500, and $0.8400
Bulls Are Keeping Their Dominance in the Storj Market
Since the previous session, buyers seem to have re-entered the STORJUSDT daily market with resounding momentum. This saw the token bounce through multiple price levels within two trading sessions. Today’s trading session has been quite profitable, and bulls are in cruise control of price movements considering the appearance of the upper and lower shadows on the last price candle.
Also, the ongoing session has advanced price action further above the 21-day Moving Average line. Simultaneously, the Moving Average Convergence Divergence (MACD) indicator lines have delivered a bullish crossover above the equilibrium level. By implication, this suggests that more upside corrections may be seen in the session.
STORJUSDT May Have Obtained Another Support Above the $0.8500 Mark
Price activity in the Storj 4-hour market has revealed that price movements seem to be securing a new base from which it could gather more traction to go higher. A new green price candle can be seen appearing above the $0.8500 mark, placing the token’s price at $0.8657. This is a price level higher than the 21-day MA line.
Meanwhile, the lines of the MACD continue to trend upward above the equilibrium level. Even the bars of the indicator are now green, revealing that upside momentum is viable. Therefore, this seems consistent with the opinion that STORJ’s price may break the $0.9000 mark.
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