The Storj price prediction shows that STORJ is recovering from the daily opening price at the $0.42level as the price heads to the upside.
Storj Prediction Statistics Data:
- Storj price now – $0.55
- Storj market cap – $218.0 billion
- Storj circulating supply – 396.7 billion
- Storj total supply – 396.7 billion
- Storj Coinmarketcap ranking – #107
STORJ/USD Market
Key Levels:
Resistance levels: $0.80, $0.90, $1.00
Support levels: $0.25, $0.20, $0.15
STORJ/USD is trading above the 9-day and 21-day moving averages after touching the daily high at the $0.59 resistance level. At the time of writing, Storj is changing hands at $0.55, having gained over 27.56% since the beginning of the European session. However, with latest the recovery, the digital asset is likely to cross above the upper boundary of the channel to increase the bullish movement.
Storj Price Prediction: Can STORJ Break Above $0.60?
The Storj price stays above the 9-day and 21-day moving averages at the price level of $0.55. However, if the bulls maintain the upward trend, STORJ/USD may touch the resistance levels of $0.80, $0.90, and $1.00 to keep the price on the upside. In other words, any strong selling pressure below the 9-day moving average may drag the price towards the lower boundary of the channel.
However, should in case Storj trade below the moving averages, a bearish continuation could bring the price to the supports of $0.25, $0.20, and $0.15. Meanwhile, the technical indicator Relative Strength Index (14) is crossing above the 50-level, indicating a bullish movement.
When compared with Bitcoin, the Storj price is heading to the north as the coin moves above the 9-day and 21-day moving averages. However, following the recent positive sign, the current market movement may continue to follow the upward movement if the buyers push the price above the upper boundary of the channel.
Moreover, as the technical indicator Relative Strength Index (14) moves into the overbought region, the market price could hit the resistance level of 3600 SAT and above. Meanwhile, a retest below the moving averages could lower the price to the support level of 1700 SAT and below.
eToro – Our Recommended Crypto Wallet
- Exchange Wallet for 120+ Cryptocurrencies, Trade In-Wallet
- Automatic Staking of ETH, ADA or TRX in your Wallet
- Regulated by FCA, ASIC and CySEC – Millions of Users
- Unlosable Private Key – Secure eToro Recovery Service
Read more:
