STORJUSDT Is at a Bullish Breakout 

The STORJUSDT market has maintained its upward trend until today, leading to an additional price increase of 4.54%. Consequently, the token’s price action appears to be on the verge of breaking out of a key candle pattern, which may lead to further price increases. Let’s dive in below.

STORJ Statistics:
STORJ Price: $0.4274
STORJ Market Capitalization: $165.84M
Storj Circulating Supply: 2,803,634,836
Storj Total Supply: 3,175,000,000
STORJ CoinMarketCap Rank: 264

Key Price Levels:
Resistance: $0.4400, $0.4600, $0.4800
Support: $0.4200, $0.4000, $0.3800

Storj Market May Rise Further

The STORJUSDT daily market has now reached a breakout point. Price action has been trading within a symmetrical triangle pattern, which presents two potential outcomes. However, recent price movements have adhered to upward-sloping price candles, suggesting that bullish forces are keeping the market in positive territory.

A new session has started above the middle limit of the Bollinger Bands (BB) indicator, with the price candle now testing the ceiling of the symmetrical pattern. Additionally, the Stochastic Relative Strength Index (Stochastic RSI) is maintaining an upward trajectory, with the leading lines of the indicator now positioned above the 50 mark. This indicates that the market may continue to move higher.

STORJUSDT Upside Hopes Hold Steady

The STORJUSDT 4-hour market is still trending upwards. Furthermore, it has shown that buyers maintain consistency, as evidenced by the appearance of more green price candles in recent sessions. The current session is also green, testing the ceiling of the symmetrical triangle drawn on the token’s price chart.

The Stochastic RSI indicator is rising smoothly, remaining above the 70 level. Technically, this suggests that bullish forces are still active and may continue to push the market higher. Traders may consider using crypto signals targeting the $0.4400 level in the short term.

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