Storjcoin keeps bouncing off the support based near $0.32 area. Even after the triangle breakout SJCX/USD returned back to that support. The range trading taking place and price is stuck between $0.66 resistance and $0.32 support since the 15th of September.

Today Storjcoin managed to break above the 200 Moving Average once again which could start another wave up. Although at this point a break above the resistance is required in order for Storjcoin to get some attention.

If the price will manage to close above the $0.66, it could rise further towards the strong resistance at 227.2% Fibonacci – $1.1, but currently, the downside risk is still high and break below the $0.32 should extend the consolidation even further.