In this Storj technical analysis, we will examine the current price action, trading volume, key levels and indicators for STORJ-USDT. Storj is a decentralized data storage platform that utilizes blockchain technology to provide secure, private, and scalable data storage solutions for individuals and organizations. With Storj, users can rent out their excess hard drive space and earn cryptocurrency rewards, while also benefiting from secure and reliable data storage. By leveraging the power of blockchain and distributed computing, Storj aims to disrupt traditional cloud storage services and provide a more secure and decentralized alternative for data storage needs.
Storj Price Overview:
As of October 02, 2023, Storj is trading at approximately 0.4817 USDT. Let’s dive into the detailed price action for STORJ-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.4972 |
| High (H) | 0.5096 |
| Low (L) | 0.4613 |
| Close (C) | 0.4817 |
| Volume (C) | 29,624,001.00 |
- Open (O): The opening price for today’s trading session was approximately 0.4972 USDT.
- High (H): Storj reached a daily high of around 0.5096 USDT.
- Low (L): The daily low for STORJ-USDT was approximately 0.4613 USDT.
- Close (C): At the time of analysis, Storj is trading near its daily close of 0.4817 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.12% |
| 3D Change (%) | 7.96% |
| 7D Change (%) | 28.69% |
| 30D Change (%) | 112.02% |
| 90D Change (%) | -5.12% |
| YTD Change (%) | 95.50% |
Over the past three days, STORJUSDT has risen by approximately 7.96%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 28.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STORJUSDT maintaining an upward trend of approximately 112.02%, despite intermittent fluctuations. Examining the last 90 days, STORJUSDT has witnessed substantial drop of approximately -5.12%, reflecting strong long-term confidence. Year-to-date, STORJUSDT has steadily increased by around 95.50%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Storj Live Chart:
You can access a live price chart for STORJ-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.33579.
- Momentum score is 1.12016.
STORJ USDT Technical Analysis
Storj Trading Volume:
The trading volume for Storj (STORJ) over the past 24 hours has been insignificant, with approximately 29,624,001.00 USDT traded against STORJ. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): STORJ is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Storj is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for STORJ-USDT is currently in the high zone, around 64.50878. This suggests that Storj is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
Storj (STORJ-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
