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The Storj price prediction reveals that STORJ is recovering from the daily opening price at the $0.69 level as the price continues to fluctuate.
Storj Prediction Statistics Data:
- Storj price now – $0.73
- Storj market cap – $275.7 million
- Storj circulating supply – 381.2 million
- Storj total supply – 424.9 million
- Storj CoinMarketCap ranking – #134
STORJ/USD Market
Key Levels:
Resistance levels: $1.00, $1.05, $1.10
Support levels: $0.50, $0.45, $0.40
STORJ/USD is likely to close above the 9-day and 21-day moving averages after touching the daily high at the $0.76 resistance level. At the time of writing, Storj is changing hands at $0.73, trading around the 9-day MA. However, with latest the recovery, the digital asset is likely to trade near the upper boundary of the channel to increase the bullish movement.
Storj Price Prediction: Can STORJ Break Above $0.80?
The Storj price stays above the 9-day and 21-day moving averages, if the bulls maintain the upward trend, STORJ/USD may likely move to touch the resistance levels of $1.00, $1.05, and $1.10 to keep the price on the upside. In other words, any strong selling pressure below the 21-day MA may drag the price below the lower boundary of the channel if the bears step back into the market.
However, in case Storj trades below the channel, a bearish continuation could bring the price to the supports of $0.50, $0.45, and $0.40. Meanwhile, the 9-day MA is still hovering above the 21-day MA, indicating a possible bullish movement.
STORJ/BTC May Retreat Below the 9-day MA
Against Bitcoin, the Storj price could slide below the current market value to touch the support level of 1900 SAT if the bears return to the market. However, following the recent positive sign, the current market movement may begin to follow an uptrend if the buyers push the price above the upper boundary of the channel.
Moreover, with the look of things, the 9-day is still very much above the 21-day MA, once it points to the north, the market price could hit the resistance level of 2400 SAT and above. Meanwhile, a bearish cross below the 21-day MA could lower the price to the support level of 1600 SAT and below.
Alternatives to Storj
The analysis of the Storj daily chart suggests a potential upward breakout if the price remains above the 9-day and 21-day moving averages. Bullish momentum is confirmed by the 9-day moving average consistently surpassing the 21-day moving average. However, caution is advised, as a failure by the bulls could lead to a downward movement, with bears pushing the market price toward the lower boundary of the channel. Traders should closely monitor these indicators for market insights.
Nevertheless, while in its presale stage, Bitcoin Minetrix ($BTCMTX) has successfully raised over $4.1 million, showcasing its significant growth potential in comparison to the more established Storj coin. The new token’s lower market capitalization, coupled with substantial presale funds, points towards an enticing opportunity for substantial returns.
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