Moving Charts: STEEM Prices Analysis
Hello and good evening to everyone at the Tron fan club. The market has been bleeding for the past few weeks. We have seen most of the alt tokens lose significant valuation. Steem can be seen as one of them. Today we will see steem price movements and reflect on how it has fared.
The week started with Steem holding steady and gradually consolidating at the support levels. The 0.05$ mark was a strong support level. Astonishingly, for the next period, Steem gained a lot and is on a huge uptrend. It was initially faring way below 0.05$. Towards the end of the week it saw a huge gain, Which is currently continuing with higher highs and higher lows.
Steem is currently moving towards level of 0.07$ and is currently on this region. On the upper part, this 0.09$ zone is now a crucial level for it as you can see that the surge stopped at 0.08$. The trend is good but it is still early to assume whether Steem is fully on track or not. Steem needs to gain the strong support zone at 0.07$, with a successful retest. There will be 0.09$ zone ahead of Steem after that.
All Screenshots are taken from Coingecko
After experiencing a few normal weeks, Steem is currently showing bad performance. It is down 30.5% in a week.
No word from this article should be taken as financial advice.
Thank You.
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