Monday, June 5, 2023
HomeBlockchainSTORJ/USD Bulls May Touch $0.350 Resistance

STORJ/USD Bulls May Touch $0.350 Resistance

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The Storj price prediction may lack short-term and medium-term support, but if the price rises further, the coin may go bullish.

Storj Prediction Statistics Data:

  • Storj price now – $0.327
  • Storj market cap – $133.4 million
  • Storj circulating supply – 412.9 million
  • Storj total supply – 424.9 million
  • Storj Coinmarketcap ranking – #146


Key Levels:

Resistance levels: $0.500, $0.550, $0.600

Support levels: $0.200, $0.150, $0.100

STORJUSD – Daily Chart

STORJ/USD is currently trading around the $0.327 level within the 9-day and 21-day moving averages. In the range of the descending channel, the closest support could be located at $0.300, with a close resistance at $0.350. Meanwhile, if the market increases, additional resistance can be found above the upper boundary of the channel.

Storj Price Prediction: Storj (STORJ) May Go Bullish

As revealed by the daily chart, it is obvious that the Storj price may likely create more bullish trends once the sideways movement fades away, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line crosses above the 40-level.

At the time of writing, the Storj market keeps rebounding around the 9-day moving average; therefore, any bearish movement below the daily low of $0.300 may lead the coin to a serious downtrend toward the lower boundary of the channel. However, the support levels for the coin may be located at $0.200, $0.150, and $0.100, while the resistance levels lie at $0.500, $0.550, and $0.600 respectively.

Against Bitcoin, the Storj price is hovering at 2012 SAT after touching the daily high at 2100 SAT. However, the nearest resistance is set at 2150 SAT because the market price is still hovering above the 9-day and 21-day moving averages. Technically, the price continues to face the north as the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

STORJBTC – Daily Chart

However, if the Storj price retreats below the 9-day moving average, the coin may likely hit the support level at 1600 SAT and below. In addition, any bullish cross above the upper boundary of the channel could reach the potential resistance at 2500 SAT and above.

Many Investors Are Interested in IMPT Token

Moreover, as the Storj market moves bullishly, the IMPT token presale is still live. This eco-friendly token is selling out quickly as it attracts more and more investors. $13 million has been raised so far in its presale.

This Is the Best Time to Buy Dash 2 Trade (D2T)

The collapse of FTX brings about a need for a cutting-edge trading intelligence platform, and that exactly is what Dash 2 Trade offers. It is a platform that can adequately detect impending adverse issues similar to what happened to FTX, thus enabling investors and traders to pinpoint safe opportunities for good profits. The D2T token presale is ongoing and it has raised $6.5 million so far.

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