Storj Price Prediction for Today, February 5: STORJ/USD Nears Crucial $0.45 Level

The Storj price prediction shows that STORJ faces the north as the technical indicator Relative Strength Index (14) moves to the upside.

Storj Market Price Statistic:

• Storj price now: $0.42
• Storj market cap: $175.3 million
• Storj circulating supply: $412 million
• Storj total supply: $424 million
• Storj coin market ranking: #165

STORJ/USD Market

Key Levels:

Resistance levels: $0.50, $0.55, $0.60

Support levels: $0.35, $0.30, $0.25

STORJ/USD is currently trading around $0.42 and once it manages to cross above the upper boundary of the channel, the next target could be located at $0.45 which is the crucial level for the coin. However, a push from here could send the price straight to the upside while the daily low could be spotted at the $0.40 support level. Meanwhile, if the current level fails to hold strong, the Storj (STORJ) could slip toward the lower boundary of the channel.

Storj Price Prediction: Would Storj Spike to the Upside?

The Storj price is now facing the uptrend as the coin remains above the 9-day and 21-day moving averages. Therefore, if the buyers can put more effort and push the market price above the upper boundary of the channel, STORJ/USD could hit the resistance levels of $0.50, $0.55, and $0.60 respectively.

On the contrary, a break toward the lower boundary of the channel may bring the coin toward the critical supports at $0.35, $0.30, and $0.25. Looking at the technical indicator Relative Strength Index (14), Storj may begin to follow an upward trend as the signal line moves to cross into the overbought region, suggesting that the coin could trade bullishly.

When compares with Bitcoin, the Storj price is attempting to cross the upper boundary of the channel to hit the nearest resistance at 2000 SAT. Meanwhile, unless this resistance effectively holds and the price ends up closing above it, there might not be any reason to expect a long-term bullish reversal.

However, if the bears bring the coin back below the 9-day and 21-day moving averages, it could refresh low under 1700 SAT, while a possible bearish continuation may hit the support at 1500 SAT and below. Moreover, if the Storj price crosses above the channel, it could hit the potential resistance at 2300 SAT and above. The technical indicator Relative Strength Index (14) also confirms the bullish movement as the signal line moves to cross above the 70-level.

Storj Alternatives

As of the time of this writing, the Storj price still sits above $0.40 as a near $0.45 peak was seen with this recent rally in the early hours of today but could correct downwards as the market rouses for another trading day. Nonetheless, the Meta Masters Guild token is the hot cake at the moment and one of the benefits of investing in it is that Mobile games are cheaper, easier, and quicker to develop and much more profitable and attractive to a wider audience. Therefore, MEMAG is successful; it has, so far, raised over $2.7 million in the presale.