STORJUSDT Retains Bullish Possibilities

The STORJUSDT token saw a price increase of  6.31% today, moving it to the second spot on the daily crypto gainers list. Furthermore, indicators applied to the token’s chart still suggest the possibility of a bullish breakout in price action.

STORJ Statistics:
STORJ Price: $0.4109
STORJ Capitalization: $1,867,165,213
Storj Circulating Supply: 2,803,634,836
Storj Total Supply: 3,175,000,000
STORJ CoinMarketCap Rank: 44

Key Price Levels: 
Resistance: $0.4200, $0.4400, $0.4600
Support: $0.4000, $0.3800, $0.3600

Storj Market Still Retraces Above a Key Technical Landmark

The current session’s price candle in the STORJUSDT daily market has contracted below the middle band of the Bollinger Bands (BB) indicator. However, the session remains green, indicating that buying activity is still viable.

Additionally, the market appears to be trading within a symmetrical triangle pattern, which may result in a breakout either downward or upward. The upward trajectory of the Stochastic Relative Strength Index (Stochastic RSI) suggests that the overall market trend hasn’t been significantly impacted and a bullish breakout may occur soon.

STORJUSDT Bulls Are Staying on Track

In the Storj 4-hour market, price activity remains focused on an upward path. Even as a new session begins, price action is still under the control of buyers. Interestingly, the previous session contracted downward due to selling pressure, but the current session shows that the market hasn’t deviated from its upward trajectory.

This assessment comes from the appearance of the last price candle, which is still green. Similarly, the Stochastic RSI lines are rising, following a recent bullish crossover. Summing up all the signals from the trading indicators, traders may still aim higher using crypto signals targeting above the $0.4200 level toward $0.4400.

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