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 heavily fluctuating and gradually losing from the support levels. The 0.07$ mark was a strong resistance level. Fortunately, for the next period, Steem gradually consolidated key support levels.
Steem rose towards level of 0.075$ and remained on this region. On the upper part, this 0.08$ zone is now a crucial level for it. It has created a bullish trendline over the last week, that needs to be broken through. Steem needs to regain the strong resistance zone, 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 good weeks, Steem is currently showing bad performance. It is down 2.3% in a week.
No word from this article should be taken as financial advice.
Thank You.
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Hey,
I found the analysis of STEEM’s price movements really insightful, especially how it highlights key support and resistance levels and unexpected rebounds. I feel these chart patterns give me a better sense of what to watch for in the upcoming market sessions.
Great post! Featured in the hot section by @punicwax.
I think that its important for steem to break 10 cents price and then we can expect more value up