Storj Price Prediction for Today, November 12 – STORJ Technical Analysis
The Storj price prediction spikes to the upside as the bulls move crosses above the upper boundary of the channel.
Storj Prediction Statistics Data:
- Storj price now – $0.74
- Storj market cap – $320.5 million
- Storj circulating supply – 377.6 million
- Storj total supply – 424.9 million
- Storj CoinMarketCap ranking – #116
Resistance levels: $1.00, $1.10, $1.20
Support levels: $0.50, $0.40, $0.30
STORJ/USD bulls have taken control of the daily price chart following the current bullish movement within the channel and the price is attempting to cross above the upper boundary of the channel. Meanwhile, looking at the chart, the coin is facing the upside as the bulls are gathering momentum to push the coin to the positive side.
Storj Price Prediction: Where is STORJ Price Going Next?
Earlier today, the Storj price began with a strong increase and broke above the upper boundary of the channel. Meanwhile, a successful close above this barrier could accelerate gains and the price might surge toward the resistance level of $0.90. Therefore, any more gains could lead the price toward the resistance levels of $1.00, $1.10, and $1.20.
On the other hand, if the Storj price begins a downside correction, it could find support near the $0.65 level. The first major support can be seen near the $0.55 level, where the bulls are likely to take a stand. However, if the price drops below the lower boundary of the channel, a bearish continuation could bring the market to the critical supports at $0.50, $0.40, and $0.30 respectively.
STORJ/BTC Moves Bullishly
Against Bitcoin, the Storj price is still facing the upside, trading at 2092 SAT. Meanwhile, if the coin moves to the downside, it is likely to slide below the 9-day and 21-day moving averages which could hit the support level at 1500 SAT and below.
However, if the bulls maintain and hold the price very well, traders can expect the coin to rise above the upper boundary of the channel. For now, the nearest resistance level for the market could be found at 2700 SAT and above as the 9-day MA remains above the 21-day MA.
The Storj price is facing the upside as the coin heads toward the upper boundary of the channel. However, if the market continues the upward movement, the $0.90 resistance level is likely to resurface. Therefore, STORJ/USD may further look for higher price levels if the bulls continue to show commitment. However, if the Storj price breaks above the channel, it could hit the nearest resistance level of $0.80. Meanwhile, the market price will have to cross above the channel to increase the buying pressure.
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