Storj vs Tether (STORJUSDT) is bouncing off a very strong support level. Each time this support level is hit a 150% bullish wave takes place, this already happened twice this year.
Now, this time around we are seeing a bounce/recovery happen right above this support level, which is an indication of strength.
Going by past action, Storj is very likely to produce a new bullish wave. The growth can be similar to what it was before but it can also be bigger, due to the higher low.
The previous dates were January 2023 and June 2023. Other Altcoins are showing early recovery signals and others growing.
Invalidation: If the support level marked here with a blue line breaks on a weekly basis, this analysis becomes invalid. This level can be used as a stop-loss.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.