$STORJ is currently testing a crucial resistance level on the daily timeframe, trading inside a well-defined falling wedge pattern โ a structure that often precedes strong bullish reversals.
๐ Technical Analysis:
Price has been compressing within a long-term falling wedge
Momentum is stabilizing near the wedgeโs upper boundary
Selling pressure appears to be weakening
A daily close above resistance would confirm the breakout
๐ Bullish Scenario: A confirmed breakout from the falling wedge can trigger a solid bullish rally, with price targeting:
๐ฏ $0.30 โ $0.35 zone in the short to mid-term
Further upside possible if volume expands and structure flips bullish
๐ Key Levels to Watch:$STORJ
Resistance: Wedge breakout zone (daily close required)
Support: Lower wedge boundary / recent demand area
โ ๏ธ Trade Smart: Wait for confirmation and manage risk properly. False breakouts are common without volume support.
๐ก Market Insight: Falling wedges on higher timeframes often mark trend exhaustion โ smart money typically accumulates before expansion.
๐ Trade responsibly
๐ DYOR | Not Financial Advice
