The Storj Market (STORJ/USD) Claims the $0.300 Price Mark
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Bullish sentiment has consistently exerted upward pressure on the $0.300 price level since September 9, accompanied by a notable surge in trading volume around this threshold. The Storj market witnessed a face-off scenario where the interests of both bullish and bearish investors converged. Nevertheless, this standoff proved to be short-lived, as in today’s market, the bullish price successfully breached the $0.300 price barrier.
Storj Market Data
- STORJ/USD Price Now: $0.3149
- STORJ/USD Market Cap: $123,015,655
- STORJ/USD Circulating Supply: 389,963,040 STORJ
- STORJ/USD Total Supply: 424,999,998 STORJ
- STORJ/USD CoinMarketCap Ranking: #185
Key Levels
- Resistance: $0.35, $0.40, and $0.45.
- Support: $0.19, $0.15, and $0.13.
Price Prediction for the Storj Market: The Indicators’ Point of View
Based on the Relative Strength Index (RSI), the Storj market has exhibited strong bullish sentiment, as evidenced by an almost vertical ascent in the RSI line. Such robust price movement has the potential to precipitate an equally potent bearish reversal, especially considering that the market is currently in overbought territory.
Taking a Bollinger Bands perspective, since September 8, when the market commenced its bullish trajectory, there has also been a noticeable uptick in liquidity within the bearish market. This is reflected in the substantial downward movement of the lower standard deviation. It is worth highlighting that the bulls have maintained control by preserving a substantial portion of the bullish momentum, thus sustaining the market’s upward trajectory.
Nevertheless, at present, the market may require solid support above the $0.300 level to sustain its bullish momentum.
STORJ/USD 4-Hour Chart Outlook
Upon scrutinizing this shorter time frame, it becomes evident that the market has maintained a robust position well above the 20-day moving average. Today’s trading session, marked by bullish price performance, has prompted an upward shift in the upper standard deviation, closely mirroring the price action.
Simultaneously, the RSI line hovers around the critical threshold of 70, hinting at the potential formation of a support level. Should the market manage to consolidate above this threshold, bolstered by the prevailing bullish sentiment, the emergence of a support level seems increasingly likely. This consolidation phase could pave the way for a noteworthy support level to materialize.
