Market Overview for Storj/Tether (STORJUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Jan 6, 2026 3:01 pm ET1min read
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Aime RobotAime Summary

- STORJ/USDT price dropped to 0.1428, forming bearish engulfing patterns below key support at 0.1475.

- RSI oversold rebound and MACD divergence confirm weakening momentum, with volume surging during breakdown.

- Bollinger Bands contraction followed by expansion and 61.8% Fibonacci level at 0.1445 highlight potential short-term resistance.

- 20/50-period MAs above price and daily close below 200-period MA reinforce medium-term bearish bias.

Summary
• Price declined from 0.1501 to 0.1428, forming bearish engulfing and breakdown patterns below key support.
• RSI and MACD show weakening momentum with bearish divergence.
• Volume surged during the breakdown, confirming a potential short-term reversal.
• Bollinger Bands contracted in early morning before expanding sharply during the sell-off.
• 61.8% Fibonacci level at 0.1445 may act as a short-term resistance on a bounce.

Storj/Tether (STORJUSDT) opened at 0.1489 on 2026-01-05 12:00 ET, hit a high of 0.1535 and a low of 0.1423, and closed at 0.1428 at 12:00 ET on 2026-01-06. The total volume was 10,588,506.0 and notional turnover reached 1,526,302.82 USD for the 24-hour period.

Structure & Formations


Price formed bearish engulfing patterns during key breakdowns, particularly between 20:30 and 21:45 ET, indicating shifting sentiment to the downside. A breakdown below 0.1475 appeared to trigger stop-loss orders, and a long lower shadow at 0.1423 suggests initial support, though 0.1423 may not hold if volume increases on a retest.

Moving Averages


The 20- and 50-period moving averages on the 5-minute chart remained above price during the session, confirming the short-term bearish trend. On the daily chart, the price closed below both 50 and 200-period MAs, suggesting continuation of a medium-term downtrend.

Momentum & Volatility


RSI dropped into oversold territory briefly before rebounding weakly, while MACD lines flattened and turned lower, indicating waning bullish momentum. Volatility expanded as Bollinger Bands widened during the breakdown phase, with price lingering near the lower band at 0.1423.

Volume & Turnover


Volume spiked during the breakdown at 16:45–17:00 ET, with a notional turnover of $103,304.63 as price fell to 0.1428. A divergence appears between price and turnover in the final hours, which may signal fading conviction in the move lower.

Fibonacci Retracements


The 61.8% Fibonacci level of the 0.1423–0.1535 swing is at 0.1445, which could serve as short-term resistance. A break below 0.1423 would target the next 38.2% level at 0.1407, but volume must confirm any such move.

A potential bounce to the 0.1445–0.1452 range could test buying interest, but bears are in control with key support at 0.1423. Investors should remain cautious as volatility may increase if price breaks beyond this level.