Storj

<ul><li>Storj (STORJ) experiences a significant price surge but faces potential challenges and liquidations, sparking concerns among traders.</li><li>Bearish divergence in Storj&#39;s price action and declining open interest indicate a possible correction.</li><li>Traders should watch for a daily close above $0.542 to potentially shift the bearish sentiment and attract buyers.</li></ul><a href="https://cryptotale.org/storj-cryptocurrency-soars-by-45-as-company-deposits-1-22m-into-binance/" rel="noopener noreferrer nofollow">Storj </a>(STORJ) has recently encountered a deceleration in its price momentum, which has raised concerns among investors and traders. The cryptocurrency witnessed a surge of 147% in value, within the 37 days starting from a low of $0.218 on September 1 and peaking at a local high of $0.542 on October 9. However it seems that this remarkable rally has encountered obstacles and there are indications suggesting challenges.The recent price surge in Storj has triggered approximately $20 million in liquidations. Notably, bears in the STORJ market bore the brunt of this development, with $12.40 million in positions being liquidated.Additionally, the total open interest, representing all active positions, has declined by 35% over the past four weeks and currently stands at around $132 million. This reduction in open interest, coupled with the substantial liquidations, suggests that institutional investors and experienced traders might be positioning for a correction.Read full article at <a href="https://cryptotale.org/storjs-wild-ride-will-the-bearish-divergence-trigger-a-crypto-crash/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Storj's Wild Ride: Will the Bearish Divergence Trigger a Crypto Crash?

CryptoTale

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