Market Overview for Storj/Tether (STORJUSDT)

Summary
• Price surged past 0.1370, breaking a key resistance with a bullish engulfing pattern near 0.1371.
• Volatility expanded significantly in late afternoon as Bollinger Bands widened.
• RSI reached overbought territory, suggesting possible short-term exhaustion.
• Notional turnover spiked in early trading, confirming the upward momentum.
• A 61.8% Fibonacci retracement at 0.1381 appears to be consolidating as a new resistance.

Storj/Tether (STORJUSDT) opened at 0.1359 on 2026-01-08 at 12:00 ET, surged to 0.1445, and closed at 0.1407 at 12:00 ET on 2026-01-09. The 24-hour volume totaled 25,233,334.0 with a notional turnover of 3,420,387.51 USD.

Structure and Key Levels

Price broke above 0.1370, a former resistance level, with a bullish engulfing pattern forming at that level.

A descending triangle was resolved in favor of the longs, and the price is currently consolidating above a key 61.8% Fibonacci retracement at 0.1381. A 38.2% level at 0.1415 could act as a near-term ceiling.

Momentum and Indicators

The RSI reached overbought levels above 70, signaling short-term exhaustion. MACD showed a strong positive divergence in early morning hours, confirming the bullish bias. The 5-minute 20/50 EMA crossover occurred multiple times, but the 20 EMA remained well above the 50 EMA for most of the session.

Volatility and Bollinger Bands

Bollinger Bands initially contracted during the night but expanded significantly during the afternoon and evening hours. Price action remained mostly outside the upper band, indicating heightened volatility and bullish continuation bias.

Volume and Turnover

Volume spiked dramatically during the 10:15–10:45 ET timeframe, coinciding with a sharp rally to 0.1445. Turnover closely mirrored this price action, confirming strength. Divergences between volume and price were absent, suggesting cohesive buying pressure.

The market appears to be in a strong short-term uptrend, with a potential test of the 0.1425–0.1435 range likely in the next 24 hours. While the bullish case remains intact, investors should remain cautious about a possible pullback to 0.1400–0.1390 as consolidation occurs.