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Summary
• Storj/Tether (STORJUSDT) found key support near 0.1410 and tested resistance at 0.1450 amid uneven volume.
• Price formed a bullish engulfing pattern at 0.1441 before consolidating near mid-range levels.
• RSI shows moderate momentum with no overbought/oversold signals, while volume surged in late hours.
• Bollinger Bands expanded after an early contraction, suggesting heightened volatility.
• Fibonacci levels at 0.1437 (61.8%) and 0.1424 (38.2%) were tested multiple times.
Storj/Tether (STORJUSDT) opened at 0.1415 on 2025-12-07 at 12:00 ET, reached a high of 0.1451, a low of 0.1394, and closed at 0.1443 as of 12:00 ET-1. Total volume was 1,022,956.0 units with turnover of approximately $147,915.00.
Structure & Candlestick Patterns
Price found strong support near 0.1410, with a bullish engulfing pattern forming at 0.1441. This level appears to have sparked renewed buying interest. A potential bearish reversal was observed near 0.1450 but was rejected, suggesting a potential short-term ceiling. The 0.1437 and 0.1424 Fibonacci levels saw multiple tests, with 0.1437 acting as a dynamic pivot for the final 6 hours.
Volume and Momentum
Volume was unevenly distributed throughout the 24-hour period, with a sharp increase after 03:00 ET on 2025-12-08. The largest single 5-minute turnover occurred at 09:15 ET, coinciding with a high of 0.1460. RSI moved between 45–60 for most of the session, showing neutral momentum with no clear overbought or oversold conditions.
Volatility and Moving Averages
Bollinger Bands saw a brief contraction between 20:00 and 21:30 ET, followed by a sharp expansion, indicating rising uncertainty. The 5-minute 20/50 EMA crossed into bullish alignment at 0.1445, while the daily 50/200 EMA remained neutral. This suggests short-term bullish bias but no strong directional signal in longer timeframes.
Forward Outlook and Risk Consideration
Price may test the 0.1450–0.1455 range in the next 24 hours if volume remains strong after the 0.1443 consolidation. A break above 0.1455 could trigger renewed buying, but a drop below 0.1430 may reintroduce bearish sentiment. Investors should monitor volume divergence as a key early signal for trend strength.
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