Storj (STORJ) is experiencing a price rally, trading higher by 4.4% and showing signs of bullish momentum. On-chain metrics such as open interest and daily trading volume are increasing, supporting the upward trend. The technical outlook suggests that the rally could continue, potentially targeting double-digit gains. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators also indicate bullish momentum. Additionally, Storj's open interest in futures has risen to its highest level since October 2024, indicating new buying and further potential for a rally. The platform has also seen a surge in trading volume, further bolstering its bullish outlook. However, if the daily candlestick closes below a certain level, the bullish thesis would be invalidated and a downward movement may occur.



Other News from Today