Storj defends $0.250 support as RSI and MACD signal a slow-building bullish momentum.
Price holds above IFVG zone as traders eye breakout targets at $0.3377 and $0.3524.
Community shows 91 percent bullish sentiment as STORJ trades above short-term support.
STORJ/USDT is displaying some signs of recovery after a sudden crash, and the price is hovering close to its mark of $0.258. Both daily and intraday charts indicate a potential developing bullish pattern in the security, which is corroborated by price structure, slow stochastic, and liquidity analyses.
Bullish Market Structure and Fair Value Zones
Storj currently trades above a key retracement zone of $0.260–$0.250, with the recent price touching a low of $0.248. This area aligns with an Inverse Fair Value Gap (IFVG), often associated with institutional accumulation. The price remains above this zone, preserving bullish structure.
On the 1-day chart, the current structure shows higher highs and higher lows, confirming a bullish break of the structure. An orange projection line on the chart suggests a retracement into the $0.265–$0.270 IFVG before a potential bullish reversal targeting external liquidity zones.
Two targets remain in play: $0.3377 as the minor external and $0.3524 as the major external level. These zones are associated with past liquidity pools and untested highs.
Volume, Sentiment, and Technical Confirmation
24-hour trading volume has dropped by 16.59% to $8.38 million. This decline may indicate reduced short-term interest or quiet accumulation by large holders. It currently has a market cap of 106.82 million and therefore STORJ is a micro-cap asset which is sensitive to market fluctuations.
Sentiment in the community is still in bull territory where 91 percent of 17,366 votes are favoring price appreciation.
Community sentiment remains bullish, with 91% of over 17,000 votes supporting upward price movement. However, such optimism often precedes liquidity sweeps, especially when the price hovers near local support.
In the 5-minute chart, the momentum indicators would justify the short-term bullish bias. At the time of writing, RSI stood at 57.83 and is in an upward trend, above the 50-neutral line. MACD indicates a small bullish crossover with the MACD line just above the signal line. These are the signals of weak and not very active purchasing activity.
Short-Term Structure and Resistance Zones
Price currently trades in a consolidation range between $0.256 and $0.260, following a V-shaped recovery from $0.248. A minor ceiling exists at $0.260–$0.262, which needs to be breached for further upside. Short-term support is defined at $0.254–$0.256.
The intraday chart suggests a possible breakout if volume increases and momentum continues. Failure to hold above $0.254 could shift the structure back to bearish, with a possible revisit to the $0.248–$0.250 zone.
If the price closes below $0.2362, this would invalidate the bullish structure and suggest a return to lower consolidation. Otherwise, the developing setup suggests potential continuation toward $0.300, then higher liquidity targets.
