Steem Token Morning Status and Today's Prospects

Good morning everyone, how are you? Hope you have a good day. This morning, I took some time to go to the Binance exchange and check the price of Steem token. Many people use Steemit, so we need to know the status of this token.

Friends, this morning the price of Steam token is hovering around $0.09. Sometimes it rose to $0.091, and sometimes it fell slightly to $0.089. That means the beginning of the day was quite stable, neither much excitement nor much downfall.

The current crypto market is already a bit slow, so Steem is also taking its toll. But the good thing is, no major negative trends have been seen yet.

I imagine today in three ways —

It could go steadily (most likely) if there is no major news in the market, then Steem could hover between 0.09 and 0.10 throughout the day.

There is also a possibility of a price increase if Bitcoin or any major coin suddenly rises, then Steem can also take its impact. In that case, the price can rise to $0.11 or $0.12.

The possibility of a price decrease is also not ruled out; if someone places a large sell order or negative news comes in the market, then the price can drop below $0.08.

However, overall, today's trend seems to be "calm and moderate".

On the Binance chart, I noticed that $0.09 is an important support level for Steem. If it breaks, the price can go down, but if this level holds, then there may be a small recovery at the end of the day.

Another thing, Steem's trading volume is not very high yet, so it is important to keep in mind that the price fluctuates easily when a large order comes in.

The real strength of the Steem token is its community.

This platform that values writing, thinking, and creation is still loved by many. As long as people want to say something with their words, Steem will have a place.

Although it is going through a bit of a weak period in terms of price, I believe that Steem will gradually return to a stable state. No crypto is always down; time and trust are the big capital here.

This morning, the price of Steem started at around $0.09 on Binance. There may be small fluctuations throughout the day, but there is no sign of any major changes yet. Be sure to analyze it yourself before investing, because no one can guarantee that the crypto market will be as calm in the morning as it is in the afternoon.

_{Posted using SteemMobile}