Storj Price Prediction for Today, January 27: STORJ/USD Hits $0.40 Resistance

The Storj price prediction reveals that STORJ is hovering above the moving averages as the coin moves to cross above the channel.

Storj Prediction Statistics Data:

• Storj price now – $0.40
• Storj market cap – $165 million
• Storj circulating supply – 412.9 million
• Storj total supply – 424.9 million
• Storj Coinmarketcap ranking – #166

STORJ/USD Market

Key Levels:

Resistance levels: $0.470, $0.490, $0.510

Support levels: $0.300, $0.280, $0.260

The STORJ/USD touches the resistance level of $0.40 today, trading above the 9-day 21-day moving averages. However, the Storj price is likely to cross above the upper boundary of the channel to hit the nearest resistance level of $0.45. Therefore, the STORJ/USD will have to cross above the channel to increase the buying pressure as traders expect the coin to the upside.

Storj Price Prediction: STORJ/USD Could Expand More

At the time of writing, the Storj price is exchanging hands above the 9-day and 21-day moving averages but any bearish movement below the moving averages could bring the coin to the support levels of $0.300, $0.280, and $0.260. From above, a sustained movement across the upper boundary of the channel may create momentum for the bulls with the focus to move the market to the next resistance levels of $0.470, $0.490, and $0.510 respectively.

At the time of writing, the technical indicator Relative Strength Index (14) signal line is crossing into the overbought region, which indicates that STORJ/USD may continue to trade bullishly. Looking at the daily chart, the 9-day MA must stay above the 21-day MA for the buyers to concentrate on stirring action to the north.

Against Bitcoin, following the trade for the past few days, bulls have shown a great commitment to STORJ trading by following the recent positive sign. Furthermore, the current market trend may continue to go up if the buyers can sustain the pressure further.

However, if the bulls succeeded in pushing the coin above the upper boundary of the channel, the market price could hit the resistance level of 1950 SAT and above. On the contrary, a retest could allow the coin to go below the 9-day and 21-day moving averages and lower the price to the support level of 1400 SAT and below. However, the technical indicator Relative Strength Index (14) crosses above the 60-level, suggesting additional bullish signals into the market.

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