Storj Price Prediction 2023: Will STORJ Price Hit $1 this Year?

Key Takeaways:

• The Storj price soared by more than 175% in recent times and also witnessed a drop of over 45% in the past week.
• The bulls have drained; hence the bears are believed to remain active, which may negatively impact the crypto price in the short term.
• The trader’s interest in the crypto appears to have diverted as the volume drops by more than 90%, plunging below $100 million from levels close to a billion.

Storj Overview

Storj Technical Analysis

Source: Tradingview

• After reaching its peak at $0.6, the STORJ price experienced a strong rejection that dragged the price lower below 0.38 FIB levels.
• The price is expected to maintain a steep descending trend and not only test the lower FIB levels at 0.236 but also breach through these levels and reach 0 FIB levels.
• The RSI is plunging, and the MACD is closer to undergoing a bearish crossover, which may trigger a fresh bearish wave.
• The bulls appear to have completely drained up, and the bears may further trigger a fresh descending trend toward the lows around $0.24 very soon. 

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Storj Price Prediction for this Week

The STORJ price began the weekly trade with a huge bullish candle, rising from $0.34 to as high as $0.519. Unfortunately, the bears quickly jumped in and began to slash the prices extremely hard. The prices have dropped by more than 40% and are trading at around $0.33. While the technicals are going against the bulls, a fresh bearish wave appears to be imminent. 

The price is currently trapped in a bearish trend, and hence it may continue to follow a steep descending trend for the next few days. Further, as the trade approached mid-week, fewer chances of a bullish reversal may be expected, which may halt the descending trend for a while. By the end of the week, the price may trade around $0.30 after marking lows below these levels.

Storj Price Prediction July 2023

The Stroj price began the 2023 trade with a huge upswing that prevailed for the first few weeks. Since then, the price has steadily descended and marked lows around $0.21. Although the recovery phase kicked in very soon, the levels gained could not be held for a long time, hence the massive plunge.

Presently, the price is stuck in a steep descending trend and is expected to remain to plunge throughout the week. As the trade enters the next fortnight, volatility may rise slightly. This may either raise the price above the bearish trap or push it toward new lows. However, the technicals are extremely bearish at the moment, which suggests the price action could be toward the south. Hence, by the end of the month, the price may trade around $0.275 after marking the lows at $0.25. 

Storj Price Prediction 2023

Storj Price Forecast 2024

The Storj price is believed to remain bullish since the start of the year and achieved levels above $1.5 in the first few days. The upswing could prevail throughout the first quarter of the year and may reach close to $2. But before these precise levels are achieved, a significant pullback could be triggered that may drag the price below $1.5 and even close to $1 too by the end of H1, 2024.

During the beginning of the second half of 2024, the market conditions are believed to flip in favor of the bulls. This may cause the price to trigger a fine recovery and achieve levels above $2 initially. The upswing is believed to get intensified by the end of Q3, which may take the form of a bull run. By the end of the year, the price may form a new ATH close to $5.

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Storj Price Forecast 2025

The bull run may continue in 2025 as the price is believed to discover new highs every new day. The upswing could intensify more by the end of the first quarter, and the price may even reach a double-digit figure. This could trigger the bears, who may quickly jump in to extract the profits. Hence, by the end of the first half of 2025, the price may experience a healthy pullback.

Further, during the H2 trade, the bulls may try to stabilize the rally by halting the descending trend, by which may trigger a fresh bearish move. Soon the descending trend could be intensified, which may further transform into a bear market. The prices during the rest of the year could maintain a descending trend, shedding more than 50% of the gains, By the end of the year, the STORJ price may hover around $6.5 to $7 after marking an ATH above $10.

Storj Price Forecast 2026

The bearish trend that kicked in during the last few weeks of 2025 may continue until the beginning of the year. The bear market is expected to intensify, compelling the price to maintain a lower high and low pattern. This may weaken the bulls to a large extent; they may remain passive for a long time. Hence, the bears may dominate the rally, maintain a steep descending trend through the year, and drag the price lower by more than 75% to 80% from its highs. 

Storj Price Forecast 2030-2050

Although the current price action suggests fewer chances of a bullish reversal, the price action appears to be bullish in the long run. After a massive drop from the bottom, the price tends to undergo a rebound. Likewise, after reaching the highs, a significant correction is imminent. Hence, the Storj forecast for 2030 to 2050 is quite bullish, which also includes multiple bull runs and bearish encounters. 

Storj Price History

What Influences the Price of Storj?

The Storj price is mainly influenced by market sentiments and user activity over the platform. If the market sentiments turn bullish, the price tends to rise with an increase in user activity over the platform. Or in the case of bearish market sentiments, the price may witness a significant drop, while the user activity may remain elevated. The activity drops only when the traders are no longer interested in the token, which may be a major reason that the price remains consolidated for a long time. 

Should You Invest in Storj?

Storj’s price has withstood a couple of bull and bear markets and counties to stand stiff, trading around healthy levels. Therefore, it can be considered for investment provided one has carried out deep research and close price analysis.

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