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 storage platform that leverages blockchain technology to provide secure and scalable data storage solutions. By utilizing a distributed network of nodes, Storj ensures that data is stored in a highly available and fault-tolerant manner. Additionally, the use of cryptographic techniques such as end-to-end encryption and hash functions ensures the integrity and confidentiality of stored data.
Storj Price Overview:
As of July 06, 2024, Storj is trading at approximately 0.33 USDT. Let’s dive into the detailed price action for STORJ-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.3246 |
| High (H) | 0.3325 |
| Low (L) | 0.3181 |
| Close (C) | 0.33 |
| Volume (C) | 4,466,667.00 |
- Open (O): The opening price for today’s trading session was approximately 0.3246 USDT.
- High (H): Storj reached a daily high of around 0.3325 USDT.
- Low (L): The daily low for STORJ-USDT was approximately 0.3181 USDT.
- Close (C): At the time of analysis, Storj is trading near its daily close of 0.33 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.82% |
| 3D Change (%) | -7.87% |
| 7D Change (%) | -10.96% |
| 30D Change (%) | -41.91% |
| 90D Change (%) | -53.61% |
| YTD Change (%) | -52.92% |
Over the past three days, STORJUSDT has dropped by approximately -7.87%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -10.96%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STORJUSDT maintaining a downward trend of approximately -41.91%, despite intermittent fluctuations. Examining the last 90 days, STORJUSDT has witnessed substantial decline of approximately -53.61%, reflecting strong long-term confidence. Year-to-date, STORJUSDT has steadily declined by around -52.92%, 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 0.72904.
- Momentum score is -0.25876.
STORJ USDT Technical Analysis
Storj Trading Volume:
The trading volume for Storj (STORJ) over the past 24 hours has been insignificant, with approximately 4,466,667.00 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 below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Storj is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for STORJ-USDT is currently in the low zone, around 35.8119. This suggests that Storj is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Storj (STORJ-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Explore Storj’s (STORJUSDT) potential challenges at 3.30e-01 USDT as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.
Don’t overlook our detailed insights on STORJ BTC Storj Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
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.