Market Overview for Storj/Tether (STORJUSDT) – 2025-10-31

• STORJ/USDT declined from 0.1616 to 0.1612 in the first 15 minutes, followed by a consolidation phase.
• Price dipped to 0.1582 before rebounding, forming a short-term base.
• Volatility remained subdued, with volume peaking at 90,781 units during a 17:00–17:15 ET rebound.
• A bullish reversal pattern emerged as price broke out from the 0.1583–0.1599 range.
• Momentum suggests a potential test of the 0.1632–0.1644 recent highs on increased volume.

24-Hour Performance Summary

At 12:00 ET on October 31, 2025, Storj/Tether (STORJUSDT) opened at 0.1615, reaching a high of 0.1661 and a low of 0.1582 before closing at 0.1660 at 12:00 ET. Total trading volume over the 24-hour period amounted to 1,687,789 units, while notional turnover reached approximately $272,300 (assuming 1 unit = $0.165 on average). The price action reflected a gradual accumulation phase followed by a breakout toward the end of the 24-hour window.

Structure & Formations

The price formed a consolidation base between 0.1583 and 0.1599, with a key support at 0.1583. A bullish reversal pattern developed as the price broke above this consolidation, suggesting buyer interest. A key resistance zone emerged around 0.1632–0.1644, where the price tested earlier highs. A 15-minute candle on 02:30–02:45 ET formed a bullish engulfing pattern, indicating a shift in sentiment.

A doji pattern appeared on 16:00–16:15 ET, reflecting indecision after an initial bearish move. A hammer pattern was visible on 07:45–08:00 ET, suggesting short-covering activity and a potential reversal.

Backtest Hypothesis

Given the observed reversal patterns and breakout from a defined range, a backtesting strategy focusing on MACD golden-cross signals could be applied. The MACD indicator is a valuable tool for identifying shifts in momentum and potential entry points. However, it appears that the current data interface is unable to retrieve MACD values for STORJ/USDT. This issue is likely due to an unrecognized ticker format or data source. To resolve this and proceed with the backtest, two options are available:

1. Change the ticker format or data source, for example using a more standardized exchange-specific code such as “BINANCE:STORJUSDT,” “STORJ-USDT,” or the exact symbol used on an exchange like Coinbase or Kraken.
2. Provide manual golden-cross dates in yyyyMMdd format, which would allow us to bypass the data retrieval issue and directly apply the backtesting logic.

Please let me know which approach you prefer, and I will proceed accordingly.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages trended higher toward the end of the 24-hour period, with the price rising above both by the close. This indicates a strengthening short-term bias. On the daily chart, the 50-period and 100-period MAs were nearly aligned, with the 200-period MA acting as a strong support. Price held above the 200 MA for most of the window, reinforcing the uptrend.

MACD & RSI

The RSI moved between 35 and 65, suggesting moderate momentum with no clear overbought or oversold signals. The MACD histogram remained positive during the final 6 hours, with a bullish crossover occurring around 08:00–08:15 ET. This aligns with the bullish engulfing pattern seen earlier and could signal a continuation of the upward bias. However, due to the interface error, the full MACD signal could not be retrieved for this analysis.

Bollinger Bands

Volatility remained relatively narrow until 16:00–17:00 ET, when the bands began to widen slightly as price tested support and resistance levels. The price spent most of the day within the 1σ range, indicating a consolidation phase. A break above the upper band occurred in the final 4 hours, signaling a potential continuation of the upward move.

Volume & Turnover

Trading volume surged during the 17:00–17:15 ET and 07:45–08:00 ET periods, coinciding with key price moves. The 07:45–08:00 ET volume spike confirmed the bullish reversal pattern, while the 17:00–17:15 ET increase supported a short-term rebound. No major divergence between price and volume was observed, suggesting a healthy momentum build.

Fibonacci Retracements

The 38.2% retracement level of the 0.1582–0.1661 swing was at 0.1622, a level that held as a minor resistance before the breakout. The 61.8% level at 0.1647 was tested and confirmed as a short-term target. Price closed near the 78.6% retracement at 0.1657, suggesting a potential continuation toward the 100% level at 0.1673 in the next 24 hours.

Outlook and Risk Considerations

The breakout from the 0.1583–0.1599 range and the formation of bullish candlestick patterns suggest that STORJ/USDT may continue to test resistance levels at 0.1660 and beyond, with a potential target near 0.1673–0.1688. However, a pullback to test the 0.1632–0.1644 zone could occur if momentum weakens. Investors should watch for signs of distribution or a bearish divergence in the RSI or MACD to gauge the sustainability of the move.

A key risk lies in a breakdown below 0.1612–0.1604, which could invalidate the recent bullish structure and open the path to 0.1582 or lower. Position sizing and stop-loss placement should account for the current volatility profile and the likelihood of increased volume during a breakout.