Market Overview: Storj/Tether (STORJUSDT) – 24-Hour Technical Summary

• STORJUSDT experienced a bullish 24-hour move, with price rising from 0.2508 to 0.2612 and forming a series of higher highs and lows.
• Key resistance appeared near 0.2611, where price consolidated briefly, while support held at 0.2503, showing short-term stability.
• Volume surged during key breakouts, particularly between 19:00 and 20:00 ET, confirming strength in the upward move.
• RSI and MACD suggested moderate bullish momentum with no signs of overbought conditions.
• Price remained within upper Bollinger Band for much of the period, indicating increased volatility and a potential continuation of the trend.

Storj/Tether (STORJUSDT) opened at 0.2508 on 2025-09-17 at 12:00 ET and closed at 0.2612 by 12:00 ET on 2025-09-18. The price touched a high of 0.2612 and a low of 0.2503 during the 24-hour window. Total volume reached 1,294,494.0 and notional turnover amounted to approximately $333,800, reflecting a sharp increase in activity, particularly during late ET hours.

The 24-hour 15-minute chart displayed a clear bullish trend, with price forming a broad ascending triangle from 0.2503 to 0.2612. The pattern showed a series of higher lows and a defined upper boundary. A key breakout above 0.2611 occurred in early hours of 2025-09-18, confirming a potential continuation of the upward bias. Notable support levels appeared at 0.2503 and 0.255, while resistance levels were observed at 0.2611 and 0.2615. A bullish engulfing pattern formed at 0.2610–0.2612 during 03:30–04:30 ET, signaling strong buyer control.

Structure & Formations

A strong ascending triangle structure defined the price action over the last 24 hours, with multiple tests of key levels before the breakout. A bullish engulfing pattern confirmed a breakout at 0.2611, and a doji appeared near 0.2612–0.2611 during 05:30–06:30 ET, suggesting temporary indecision. These formations indicate that the bullish bias remains intact, but traders should monitor for signs of consolidation or rejection near 0.2615 and 0.2503 for confirmation of trend sustainability.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended upward, with price consistently above both. The 20-period line acted as a dynamic support near 0.253–0.255 during the earlier part of the 24-hour window, reinforcing the bullish structure. On the daily chart, the 50-period moving average currently resides below the 200-period line, indicating a longer-term bearish bias, but recent price action suggests a short-term reversal is in progress.

MACD & RSI

The MACD showed a positive crossover and strong bullish divergence in the last 6 hours of the 24-hour window, with the histogram expanding as price moved above 0.2611. RSI climbed into the 55–60 range, indicating moderate bullish momentum without signs of overbought conditions. This suggests that while the trend remains strong, further upward movement could face resistance if buyers fail to maintain volume at current levels.

Bollinger Bands

Price remained within the upper Bollinger Band for most of the last 12 hours, indicating increased volatility and strong directional movement. The band width expanded significantly during 19:00–22:00 ET, confirming breakout activity. As the price consolidates near 0.2610–0.2612, a potential contraction in band width may signal a period of consolidation or a reversal if buyers fail to push further.

Volume & Turnover

Volume surged during key breakout moments, particularly around 19:00–22:00 ET and 03:00–05:00 ET, with total volume exceeding 1 million across the 24-hour period. Notional turnover spiked during the same hours, aligning with price highs and confirming strong buyer participation. Divergence between volume and price was not observed, suggesting the current trend is likely to persist unless volume begins to weaken ahead of further gains.

Fibonacci Retracements

Key Fibonacci retracement levels applied to the 0.2503–0.2612 swing showed a 61.8% level at approximately 0.2566 and a 38.2% level at 0.2541. Price remained above both levels, with the 0.255 area acting as a strong support. For the daily chart, the 61.8% retracement is at 0.2577, and the 38.2% retracement is at 0.2585. Price holding above 0.2577 suggests a potential continuation of the bullish momentum.

Backtest Hypothesis

The described backtesting strategy involves entering a long position on a bullish engulfing pattern confirmed by a breakout above a defined resistance level, with a stop loss placed below the pattern’s low and a target set at the next Fibonacci or trendline level. Given the recent bullish engulfing pattern at 0.2610–0.2612 and the breakout confirmation, the setup aligns well with this strategy. The key to the strategy’s success hinges on volume confirmation and the absence of bearish divergences in the RSI and MACD during the breakout phase.