Storj Price Prediction: STORJ/USD Could Expand More
The Storj price is currently hovering above the moving averages and has reached a daily high of $0.317. The coin has a market cap of $165 million and a circulating supply of 405 million. It is currently ranked 182 on Coinmarketcap.
Key Points:
- Resistance levels for STORJ/USD: $0.370, $0.390, $0.410
- Support levels for STORJ/USD: $0.220, $0.200, $0.180
- The coin is trading above the 9-day and 21-day moving averages
- A sustained movement above the upper boundary of the channel could lead to bullish momentum
- The Relative Strength Index (14) signal line is crossing above the 60-level, indicating a bullish trend
Storj Price Prediction:
Looking at the daily chart, the Storj price is currently trading above the moving averages. If it falls below the 21-day moving average, it could reach support levels of $0.220, $0.200, and $0.180. However, if it continues to trade above the upper boundary of the channel, it could move towards resistance levels of $0.370, $0.390, and $0.410.
STORJBTC – Daily Chart
In the BTC market, if the coin breaks above the upper boundary of the channel, it could hit the resistance level of 1200 SAT and above. On the other hand, a retest could push the price below the moving averages and towards the support level of 750 SAT and below. The Relative Strength Index (14) is crossing above the 50-level, indicating further bullish signals.
Alternatives to Storj
Once the presale ends, the will be listed on various centralized and decentralized exchanges. The token has already raised almost $12 million in the presale and there will be a campaign to raise awareness and introduce the token to the public.
Hot Take:
The Storj price is currently trading above the moving averages and there is potential for it to increase further. However, it will need to break above the channel and sustain the buying pressure. The technical indicators suggest a bullish trend, but there is still a possibility of a bearish movement if it falls below the moving averages. Overall, there are positive signs for Storj in the market.