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STORJ Continues Its Bullish Move by Posting 30% Gains

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STORJ Continues Its Bullish Move by Posting 30% Gains

    • STORJ surged in price over the last 24 hours.
    • Currently, the price of STORJ is at $0.9432.
    • STORJ’s price may pull back slightly following the significant move.

STORJ, which is the 88th biggest coin by market cap according to CoinMarketCap, surged in price over the last 24 hours as its price has climbed just over 30% in the last day.

Currently, the price of STORJ hovers at $0.9432. This follows after it set a 24-hour high of $0.9733. Its 24-hour low lies at around $0.6875, according to the crypto market tracker.

Furthermore, 24-hour trading activity for STORJ has also increased by more than 100%, as the figure has reached $408,455,565 – a 127.93% increase.

STORJ/USDT 1-day Trading Chart (Source: TradingView)

Looking at the daily chart for STORJ/USDT, the price of STORJ has been showing green candles since 13 June. This trend then continued on the daily chart with minor retracements up until yesterday, when STORJ posted its largest green candle in the move.

The bullish move saw STORJ’s price rise from $0.4005 to its current levels, which is a 130% move in the last 10 days.

There are bullish flags that suggest that this price move will continue. The first bullish flag is the 9 Exponential Moving Average (EMA) line convincingly crossing above the 20 Exponential Moving Average (EMA). The next major bullish flag is the Relative Strength Index (RSI) line positioned well above the RSI SMA line. In addition, the RSI is also positively sloped.

There may be a small retracement in STORJ’s price following the significant move in the last 24 hours. If this scenario plays out, the price of STORJ could retract to as low as $0.6929 – the current level of the 9 EMA.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.

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Cryptocurrency

Dogecoin price could rally 20% in July with this bullish reversal pattern

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Dogecoin price could rally 20% in July with this bullish reversal pattern

Dogecoin (DOGE) looks ready to extend its rebound move despite the current crypto bear market.

DOGE’s price appears to have been painting a bump-and-run-reversal (BARR) bottom since May 11, a technical pattern that points to extended trend reversals in a bear market. It consists of three successful phases: Lead-In, Bump and Run.

DOGE/USD daily price chart featuring ‘BARR bottom’ pattern. Source: TradingView
DOGE/USD weekly price chart featuring 50-week EMA. Source: TradingView
DOGE/USD four-hour price chart featuring ‘rising wedge’ setup. Source: TradingView

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Cryptocurrency

3 charts showing this Bitcoin price drop is unlike summer 2021

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3 charts showing this Bitcoin price drop is unlike summer 2021

Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reason to panic.

BTC has been described as facing “a bear of historic proportions” in 2022, but just one year ago, a similar feeling of doom swept crypto markets as Bitcoin saw a 50% drawdown in weeks.

Bitcoin estimated hash rate chart (screenshot). Source: MiningPoolStats
Bitcoin active addresses chart. Source: CryptoQuant
Bitcoin exchange reserves chart. Source: CryptoQuant

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Cryptocurrency

FTM Begins to Retest Previous Highs As Correction May Be Over

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FTM Begins to Retest Previous Highs As Correction May Be Over

  • Fantom (FTM) seems to be retesting previous highs.
  • FTM is currently down 1.97% and is trading at $0.2845.
  • FTM could look to target $0.3501 should the mini upwards move continue for FTM.

Fantom (FTM) seems to be “retesting previous highs”, according to Michael van de Poppe. This comes as there has been a mini relief rally in the crypto market.

This does not necessarily mean that FTM has established its bottom yet, so traders should still tread with caution.

Fantom / TetherUS 2h (Source: Binance).

At the moment, FTM is one of the top 100 cryptos on CoinMarketCap’s list of most valuable cryptocurrencies in terms of market cap. FTM occupies the 59th position and this places FTM behind The Graph (GRT) in the 58th position and in front of Quant (QNT) in the 60th position.

FTM is currently down 1.97% and is trading at $0.2845 after reaching a high of $0.2947 over the last day. This price translates to about 0.00001361 BTC and 0.0002356 ETH. Things look a bit better for FTM over the larger time frames as the crypto saw a 7.89% increase in price over the last seven days.

FTM now has a market cap that stands at $722,730,787 and when looking at FTM’s 24-hour trading volume, the crypto stands at $166,580,326. This number is down 12.82% over the last day.

Fantom / TetherUS 1W (Source: CoinMarketCap)

When looking at the weekly chart for FTM/USDT, the last two weeks have closed with the FTM price higher than it was at the beginning of the week. It now looks like the current week will also end on a positive note. FTM can now look to target $0.3501 should the mini upwards move continue for FTM. This is a key level because it is also the last price that FTM fell from on the weekly chart.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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