Storjcoin has been showing some interesting price action. First, it formed a double bottom while rejected $0.31 for the second time, on the 23rd of October. Bounce off the support followed by the break above the downtrend trendline, descending channel and 200 Moving Average.

Then SJCX/USD formed a double top at $0.66, although today it is bouncing off the 200 Moving Average which is acting as a support. It is quite likely that Storjcoin will growth towards the 127.2% Fibonacci retracement in the near future, that is at $0.74. Break above that resistance should push it further up to test either 227.2% or 327.2% retracement level at $1.36.

On a downside risk, break below $0.33 will take the potential Storjcoin strength away and might result in a continuation of the downtrend.