Storj (storj) is an open -source platform that uses Blockchain to provide end -to -end encrypted cloud storage services. Crypto currency, increased over 7 percent in the last week. Since Storj’s open interest and daily trading volume increases, on-Chain measurements further support the latest price increase. Crypto analyst Manish Chhetri ‘ According to T Eknik appearance shows that a rally targeting double -digit gains will continue.
Storj’s performance will continue to rally It shows what!
The storgic price is traded in a diminishing trend line. On Monday, the price of the storj was rejected from the diminishing trend line after reaching a high level of $ 0.47 and earning 5 %. During the article on Tuesday, it continues to be traded around $ 0.39. If the storj maintains the upward acceleration, it may extend the rally by 18 %of its current level to re -test the weekly resistance level for $ 0.46. A successful closing above this level will provide an additional profit of 35 %to reach $ 0.62, the highest level on January 6.
The Relative Power Index (RSI) in the daily graph points to the rise momentum by pointing to over 50 and upward with neutral level. In addition, the moving average convergence deviation (MACD) also tends to rise last week, receiving purchase signals and upward trend.
STORJ/USDT DAILY GRAPHICMetrikler also supports the rise for crypto currency!
Storj’s open interest (OI) further supports the rise appearance. Coings’ data shows that the OI of the Futures OI on the stock exchanges on Sundays on Sunday from $ 13.32 million to $ 43.70 million on Tuesday, and has reached the highest level since 22 October 2024. Increased OI represents new or additional money entry and new purchases to the market. This points to a forward -looking rally in the price of crypto currency.
Storgic Open Interest Graph. Source: coinglassAnother issue that supports the rise appearance of the platform is the recent increase in the interest and liquidity of the traders in the storgic network. The centimeter data shows that the processing volume of the storj has risen from $ 10,52 million to $ 387.48 million on Saturday to $ 387.48 million and has reached the highest level since mid -October.
Storgic volume graph. Source: centimeterHowever, if the daily candle bar of the storj closes below $ 0.33, the rise thesis is invalid. This leads to a downward movement to re -test $ 0.25, the lowest level of February 3.
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