Drop to the mentioned support

STORJ is exhibiting a bullish trend on the 30-minute timeframe, but the overall market is ranging. Recently, STORJ broke its ascending trendline and is approaching a strong support zone. Monitor for a pullback to the trendline followed by a drop to the support, where potential upward movement may occur.

6/22/20241 min read

STORJ price chart showing a bullish trend on the 30-minute timeframe with a recent break of the asce
STORJ price chart showing a bullish trend on the 30-minute timeframe with a recent break of the asce

The trend is bullish in the 30-minute timeframe, but overall we are ranging. There is an ascending trendline that STORJ has been moving along, and it has recently broken this trendline. Below this trendline, there is a strong support zone, which we can expect to see significant reactions from. The scenario suggests a pullback to the trendline and then a drop to the mentioned support, from where we can look for upward movement.