The StorJ digital token has been in a bear market since December of last year, but the 0.00003 price level proved to be unbreakable. Price bounced from this level several times between November and December. Actually, this level goes back to October of 2014, when the market utilized this area as support and also as a jump-off point for the big rally that topped at 0.00018 – the all-time high for StorJ .
StorJ was trading in a very defined sideways market for the past two months. The top of the range at 0.000043 – which acted as resistance about six times – was finally broken yesterday. The 0.000043 level is now a major pivot zone and this area is very likely to now hold as support. Another rally might be in the cards!
Disclaimer: This is not trading/investment advice!
Chart source: https://poloniex.com/exchange#btc_sjcx
If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
At the latest “SEC Speaks in 2026” event, the U.S. Securities and Exchange Commission made…
Morgan Stanley is edging further into the crypto space after filing a second amended S-1…
Ethereum co-founder Vitalik Buterin is once again stirring conversation across the crypto space, this time…
The way money moves is starting to change and it’s not happening slowly anymore. What…
Ondo Global Markets just leveled up its onchain presence again, rolling out over 60 new…
Bootstrapped Project Processes $5M in Trading Volume Within Two Weeks, Proving Viability of ALM…