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On November 3, Storj bulls attempt breaking the resistance level which is at $0.5. But the $0.5 price level, which was once the support level of the market in mid-September, poses a strong resistance to the upward trajectory of the price. And from that point of resistance, the price took up a steep dive, however, the falling price was stopped at $0.3 where the buyers secured a strong support price for the market.
Storj Market Price Statistic:
- STORJ/USD price now: $0.365
- STORJ/USD market cap: $135,051,645
- STORJ/USD circulating supply:412,937,122.14
- STORJ/USD total supply: 424,999,998
- STORJ/USD coin market ranking: #149
Key Levels
- Resistance: $0.35, $0.4, $0.45
- Support: $0.3, $0.25, $0.2
Storj Market Price Analysis: The Indicators’ Point of View
The progress of the bullish price seems pegged at $0.331. This is because of the resistance that has shifted to a lower level; narrowing the price channel and putting more pressure on the position of the Storj buyers in the market. By the indication gotten from the Bollinger indicator, the lower band has more movement than the upper band. This was due to the strong bearish move. Given the pieces of information from the Bollinger indicator, one can say that the sellers are putting more pressure on the market than the buyers. However, according to the MACD, the bull market is progressively on recovery. The Negative histograms are about to translate into positive ones. And the MACD line has slightly crossed the signal line.
STORJ/USD 4-Hour Chart Outlook
The first 4-hour trading session for today opened with a 4-price doji which is a sign of a high level of indecision and lack of interest in traders to buy or sell the market then. In the second session, however, the price opens at a much higher level, leaving a gap between itself and the previous price. Also, the second session is a completely bearish market. At the moment the market remains stagnant at its current position. This may be due to the low volume of trade. But as soon as the volume of trade increases, the market is likely to go the bullish way and even attain to $0.35 price level.
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