Storj Price Prediction: #STORJ could trigger another 18% correction

STORJ price still trades inside the $0.275 to $0.528 range, created in early November 2022. After three failed attempts of breaking out, the altcoin shed 18% from $0.483 to $0.275, where it currently trades.

Considering the Relative Strength Index (RSI) is close to the 50 mean level, the chances of a pullback to $0.456 here are high. This move will likely provide a respite for trapped long buyers to exit their positions at a loss and an opportunity for short-sellers to reshort.

This downtrend is likely to continue if STORJ price produces a decisive three-day candlestick close below the $0.401 support level, which is the equilibrium of the aforementioned range. If bears are successful, then the altcoin will take another hit, where it drops 18% and tags the key support level at $0.331.