CandleFocus Storj crypto rallies as a golden cross pattern nears
2024-10-18
Author: Content Editor
The blockchain network Storj experienced a significant rally, with its token price reaching its highest level since April. The price surge was accompanied by high trading volume and futures open interest, indicating strong investor interest. This rally occurred as investors turned to artificial intelligence assets in both the cryptocurrency and stock markets, with stocks like Nvidia and Palantir also experiencing significant gains. Storj is considered an AI coin due to its storage and GPU leasing services, which are offered at a more affordable price compared to popular cloud computing platforms. The Storj token price is expected to continue its upward trend, potentially reaching the 50% Fibonacci Retracement level at $0.7130. Another scenario includes a retest of support at $0.5310 before continuing the bullish trend.
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