$STORJ #STORJAnalysis

1. Price Action and Trendline

• The price of STORJ has been following an ascending trendline, showing a clear bullish trend over the last few days. This trendline has been respected multiple times, and it currently serves as a key support level around $0.375-$0.380.

• Recently, the price surged to around $0.400, but experienced a pullback, now resting near the trendline support.

2. Key Support and Resistance Levels

• Support Levels:

• $0.3616: This is the nearest horizontal support, which coincides with a previous consolidation area.

• $0.3481: This level was previously a resistance and now serves as secondary support in case the price dips further.

• $0.3132: A lower support zone where price had a significant reaction earlier.

• Resistance Levels:

• $0.400: This round number serves as a psychological resistance and a key area where sellers are active.

• If STORJ breaks above this level with strong volume, the next resistance could be around $0.420.

3. Potential Scenario

The chart suggests a possible retest of the trendline support, with an expected bounce around the $0.375-$0.380 level. If the price respects the trendline and bounces, we could see a move back toward the $0.400 resistance. A break above $0.400 would confirm bullish momentum, potentially leading to a rally toward $0.420.

However, if the price fails to hold the trendline, the next key level to watch would be the horizontal support at $0.3616.

4. Bullish Outlook

• As long as the price remains above the ascending trendline, the overall structure remains bullish.

• A break and close above $0.400 on the 2