$STORJ Urgent Urgent Urgent Update
Based on the chart you here’s a brief analysis of STORJ/USDT on the 15-minute timeframe:
1. Current Price: $0.6095, with a 22.10% gain in the past 24 hours.
2. Indicators in Play:
Moving Averages:
MA(7): 0.6022 (yellow)
MA(25): 0.5992 (orange)
MA(99): 0.5586 (purple)
The shorter MA (7) is above the longer MAs, suggesting short-term bullish momentum.
3. RSI(20): 57.49, which indicates neutral momentum (neither overbought nor oversold). There's room for the price to go higher if buying continues.
4. Volume: High 24h trading volume (STORJ ~100.25M), indicating strong market interest.
5. Price Movement:
The price hit a high of 0.6178 and pulled back slightly to 0.6095.
If it can stay above key support levels (around 0.5992 or 0.5761), the uptrend may continue.
Short-Term Outlook:
If the price holds above $0.60 and volume remains strong, upside movement is possible.
A break below the 0.599 area could indicate some short-term retracement or consolidation.
It looks bullish in the short term, but I'd watch for resistance at the 0.617-0.62 zone. If momentum fades, using your DCA strategy might help if the price retraces.
