STORJ/USD is keeping up with its good performance, as the crypto outperforms its yesterday’s record of 15% movement . STORJ topped the crypto daily mover list with an amazing 22.12% movement. This crypto is currently being bought and sold near $0.8000.
STORJ Current Price: $0.7700
STORJ Market Cap: $287.8 Million
Total Supply: 425 Million
Rank: 103
Key Levels:
Resistance: $0.6537, $0.7000, $0.7700
Support: $0.6500, $0.5600, $0.4000
STORJ Prediction: STORJ/USD Value on a Four-Hour Chart
On a shorter time frame chart of 4 hours, STORJ/USD is already showing signs of possible price reversal. Furthermore, the latest candlestick on this chart is reflecting that STORJ holders have started selling. If this form continues, Sellers will likely overpower buyers, which will bring the crypto price to support around $0.6000, $0.5000, and $0.4000.
Also, the stochastic indicator curves are already touching one another at the tip. This means that the trend reversal has begun. However, the trend reversal may be short, after which, the coin’s value may resume its uptrend.
STORJ Prediction: STORJ/USD Value on a Daily Chart
STORJ/USD price has been able to break through the sideways price channel on this chart. The price channel has remained unbroken from around May 13 till yesterday. However, today the value of STORJ’s price was able to break the sideways price channel, with the aid of a big bullish candlestick. Also, the Exponential Moving Average curves have crossed one another under the price activity, pushing STORJ’s price higher. As a plus, the EMA lines still lie convincingly under the price action, if these lines cut across one another again the crypto’s value may break the the $0.9000 and maybe even $1.000.
Also, the faster stochastic indicator line has reached the 95%, while the slower one has exceeded the 80% level. The stochastic indicator lies in contrast to the idea of a possibly higher value mark being reached. Consequently, this is because at this mark STORJ has already reached the highly bought area. As a result, this implies that the stochastic indicator curves may soon cross one another, for the crypto to reverse direction. Hopeful this reversal might be for a short time, or worst towards the oversold region. Eventually, this reversal might bring the crypto back to trading within the price channel.
Finally, more buyers are needed to pull the STORJ/USD value higher or sustain it beyond the 7000 mark.
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Source: https://insidebitcoins.com/news/storj-price-prediction-for-june-21-storj-usd-jumps-higher