The Storj Market Moves Along Within the Ascending Price Channel
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The Storj bull market issues at $0.301. This was the point at which the market turned away from the bearish trend on March 11. Since then, the STORJ/USD has kept securing new higher lows after each of the price retracements at major resistance levels. In today’s daily trading session, it is very likely that a strong demand line may be forming at around the $0.40 price level.
STORJ/USD Price Statistics
- STORJ/USD Price Now: $0.4087
- STORJ/USD Market Cap: $169,850,874
- STORJ/USD Circulating Supply: 412,937,122 STORJ
- STORJ/USD Total Supply: 424,999,998
- STORJ/USD CoinMarketCap Ranking: #177
Key Levels
- Resistance: $0.45, $0.50, and $0.55
- Support: $0.35, $0.30, and $0.25
Price Prediction for the Storj Market: The Indicators’ Point of View – Bull Market in Motion
For the past two to three days, the price of $0.4096 has been acting as the psychological level for traders who want to enter the bear market. Even after the bullish price of today’s daily trading session, has tested higher price levels up to $0.44, it was cut short at this same supply level of $0.4096. Due to this bearish response to the exhaustive bullish move, the Bollinger Bands indicator points to the possibility of an increase in market volatility. This is reflected as the lower band of the indicator begins moving in divergence to the upper band and the 20-day moving average.
STORJ/USD 4-Hour Chart Outlook:
The bulls are still sustaining the market within the up-trending price channel. At each moment when the market hits a major price resistance level and the market rebounds, the newly formed support level has always been higher than the previous support levels. In today’s market, the market rebounded after hitting $0.4278, but the support level was quickly formed at $0.4083. Moreover, this support level is above the 20-day moving average. That means that the bulls are still in control of the Storj market.
