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The STORJUSDT market witnessed a significant price move in today’s trading session, which assisted the coin in reaching a month-high. As of the time of writing, this market seems set for more upside moves, despite signs that headwinds are struggling to activate in this market. Let’s take a much more detailed look at this market for further insight.
STORJ Statistics:
Current STORJ Value: $0.7174
Storj Market Cap: $283,404,994
STORJ Circulating Supply: 400,127,040 STORJ
Storj Total Supply: 424,999,998
STORJ CoinMarketCap: 164
Key Price Levels:
Resistance: $0.7174, $0.7250, and $0.7500
Support: $0.7100, $0.7000, and $0.6900
STORJUSDT Eyes the Next Psychological Resistance Level at $0.8000
Price movement in the STORJUSDT daily market saw a notable increase today. This saw the token price rise from around $0.6500 to now trade above the $0.7100 mark. As a result, traders may be eyeing another higher psychological resistance price level. The last price candle here stands above the 21-day Moving Average (MA) line.
In response to the significant bullishness in this market, the Connor Relative Strength Index (CRSI) line is racing sharply into the overbought region. Consequently, indications arising from technical indicators point to the possibility that Storj’s prices may continue toward higher price levels as trading continues.
Storj Seems to Be Securing a Higher Support Level
Extending the STORJUSDT price analysis to the 4-hour time frame, it can be seen that bulls have been running free for four trading sessions in a row. At this point, the ongoing session now sits just atop a psychological support level.
Consequently, this seems to reveal that more buyers may join the trend at this point, leading to the extension of the upside correction. Meanwhile, the Stochastic RSI lines continue to trend upward. The wide distance between the leading and lagging indicator lines suggests that there is significant participation in the market. Traders can set their trades using crypto signals with a target above the $0.7500 mark.
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