Market Overview for Storj/Tether (STORJUSDT)

Summary
• STORJUSDT formed a bullish engulfing pattern at 0.1164, signaling potential short-term reversal.
• Price tested a descending resistance line between 0.1168 and 0.1170, failing to break above twice.
• Volume surged during the 09:45–10:00 ET window, coinciding with a sharp 0.1165–0.1191 move.
• RSI remains neutral in the mid-40s, suggesting balanced bullish and bearish momentum.
• Bollinger Bands narrowed before the 09:45 ET spike, confirming a volatility breakout.

Storj/Tether (STORJUSDT) opened at 0.1164 on 2025-12-25 at 12:00 ET, hit a high of 0.1191, a low of 0.1137, and closed at 0.1141 by 12:00 ET on 2025-12-26. Total 24-hour volume reached 1.66 million contracts, with a notional turnover of $183,525.

Structure & Formations

A bullish engulfing pattern emerged at 0.1164, indicating short-term buying interest. However, price struggled to surpass 0.1170, forming a descending resistance line. A bearish rejection at that level around 09:45 ET marked a failed breakout.

Moving Averages

On the 5-minute chart, price hovered below the 20-period and 50-period moving averages, suggesting short-term bearish bias. On the daily chart, the 50- and 100-period SMAs appear to be converging near 0.1160, hinting at potential support ahead.

MACD & RSI

MACD remained near zero with no clear histogram divergence, indicating mixed momentum. RSI oscillated between 40 and 50, showing no overbought or oversold extremes, and hinting at a market in consolidation or transition.

Bollinger Bands

Volatility contracted ahead of the 09:45 ET breakout, only to expand sharply with a move into the upper band. Price has since retraced toward the middle band, suggesting the next directional move may depend on volume action.

Volume & Turnover

Volume spiked dramatically during the 09:45–10:00 ET window, with nearly 407,000 contracts traded in a single 15-minute interval. Turnover surged to $47,785 during that same period, confirming the strength of the upward thrust.

Fibonacci Retracements

The 0.1137–0.1191 swing aligns with a 38.2% Fibonacci retracement at 0.1167 and a 61.8% level near 0.1152. Price has since found support near 0.1143, suggesting a possible base ahead of further directional movement.

The market appears to be in a transitional phase, with price consolidating after a strong but short-lived breakout. If 0.1170 fails as resistance, the next critical level to watch is 0.1155 as potential support. Investors should remain cautious for a potential retracement or breakout confirmation in the coming 24 hours.