$STORJ just delivered a violent upside move, forcing itself back onto traders’ radars, but the structure tells a story deeper than the percentage gain.
📈 What the market did
+30% to +38% surge within 24 hours
Heavy volume confirms real participation, not thin pumps
Daily candle breaks recent compression zone decisively
📊 Technical reality
EMA & MACD aligned → trend confirmation is valid
RSI (70–85 range) → extreme momentum, not comfort
Price stretched far above mean → volatility risk elevated
🧠 What’s happening under the hood
Short-term momentum traders driving expansion
Signs of profit-taking by larger holders after impulse
Capital rotation more visible than long-term accumulation
⚠️ Risk you can’t ignore
Overbought conditions across multiple timeframes
Trading above upper Bollinger Band = statistically unstable
Mixed community sentiment → late buyers vs early sellers
🎯 The takeaway
This is a momentum breakout, not a confirmed long-term trend yet.
Strength is real, but discipline matters more than excitement here.
Parabolic moves don’t ask for permission.
They test patience, risk control, and timing.
DYOR | Not financial advice
#AltcoinETFsLaunch #MemeCoinETFs #Cryptomaxx
