STORJ/USD is approaching the critical $0.45 level

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The STORJ price forecast shows that STORJ is looking north while the relative strength indicator (14) of the technical indicator is moving up.

Storage Market Price Statistics:

  • Storj price now: $0.42
  • Storj market value: $175.3 million
  • Storj circulating supply: $ 412 million
  • Storj total supply: $ 424 million
  • Storj Coin Market Rank: #165

STORJ/USD market

Key steps:

Resistance levels: $0.50, $0.55, $0.60

Support levels: $0.35, $0.30, $0.25

STORJ Price Forecast for Today, February 5: STORJ/USD nears critical $0.45 level
STORJUSD – Daily Chart

STORJ/USD is currently trading around $0.42 and once it can cross above the upper border of the channel, the next target is likely to be found at $0.45, which is a crucial level for the coin. However, a push from this could send the price straight higher and a daily low could be seen at the $0.40 support level. Meanwhile, if the current level fails to hold firm, STORJ may slip to the lower boundary of the channel.

Storage Price Forecast: Is Storage Going Up?

As the coin remains above the 9-day and 21-day moving averages, the storage price is now showing. Therefore, if buyers exert more effort and push the market price above the upper border of the channel, STORJ/USD can hit the resistance levels of $0.50, $0.55 and $0.60.

Conversely, a break to the lower border of the channel could bring the coin to critical supports at $0.35, $0.30 and $0.25. Looking at the relative strength index (14) of the technical indicator, when the signal line is about to cross into the overbought region, STORAGE may begin to follow an upward trend, suggesting that the coin may trade strongly.

Compared to Bitcoin, the price of Storz is trying to cross the upper border of the channel to hit the resistance at 2000 sat. Meanwhile, unless this resistance holds effectively and price finishes above it, there may be no reason to expect a long-term bullish reversal.

STORJBTC – Daily Chart

However, if the bears bring the coin below the 9-day and 21-day moving averages, it may recover lower below 1700 SAT, but bearish continuation may hit the support at 1500 SAT and below. Furthermore, if the stock price crosses above the channel, it may hit the resistance at 2300 SAT and above. The relative strength index (14) of the technical indicator also confirms the bullish movement when the signal line moves to cross above the 70-level.

Storj options

As of this writing, the stock price is still sitting above $0.40 as the high near $0.45 was seen earlier today in this recent rally, but it could be corrected lower as the market recovers for another trading day. However, the Metamasters Coin Token is a hot piece of cake right now and one of the benefits of investing in it is that mobile games are cheaper, easier and faster to develop and more profitable and appealing to a wider audience. Therefore, MEMAG is successful; So far, it has raised over $2.7 million in pre-sales.

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