Storj Price Prediction for Today, October 19

Storj Price Prediction for Today, October 19 – STORJ Technical Analysis

Updated: 19 October 2023

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The Storj price prediction reveals that STORJ is heading toward the moving averages to create additional gains within the channel.

Storj Prediction Statistics Data:

Storj price now – $0.37
Storj market cap – $138.5 million
Storj circulating supply – 369.2 million
Storj total supply – 424.9 million
Storj Coinmarketcap ranking – #164

STORJ/USD Market

Key Levels:

Resistance levels: $0.50, $0.55, $0.60

Support levels: $0.25, $0.20, $0.15

Storj Price Prediction for Today, October 19 – STORJ Technical Analysis — STORJUSD – Daily Chart

STORJ/USD touches the resistance level of $0.38 today, heading toward the 9-day and 21-day moving averages. However, the Storj price is likely to cross above this barrier to hit the nearest resistance level of $0.45. Meanwhile, STORJ/USD will have to spike toward the channel to increase the buying pressure as traders expect the coin to the upside.

Storj Price Prediction: STORJ/USD Could Expand More

The Storj price is exchanging hands at $0.37 as the coin moves to cross above the 9-day moving average but any bearish movement below the lower boundary of the channel could bring the coin to the support levels of $0.25, $0.20, and $0.15. From above, a sustained movement across the upper boundary of the channel may create momentum for the bulls with the focus on moving the market to the next resistance levels of $0.50, $0.55, and $0.60 respectively.

Nonetheless, the 9-day moving average is still below the 21-day moving average, which indicates that STORJ/USD may trade bearishly. However, the 9-day MA must cross above the 21-day MA for the buyers to concentrate on stirring action to the north.

STORJ/BTC Bulls May Play Out

Against Bitcoin, if the Storj price could spike above the 9-day moving average, bulls may show a great commitment to STORJ trading by following the recent positive sign. Furthermore, the current market trend may continue to go up if the buyers can sustain the pressure further.

However, if the bulls succeeded in pushing the coin toward the upper boundary of the channel, it could hit the resistance level of 1800 SAT and above. On the contrary, a retest could allow the coin to go below the lower boundary of the channel and lower the price to the support level of 800 SAT and below.

Alternatives to Storj

At the moment, the Storj price is trading around the $0.37 level below the 9-day and 21-day moving averages. Meanwhile, the Storj price may likely create more bullish trends once it crosses above the moving averages, and this is noticeable for the 9-day MA to cross above the 21-day MA.

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