Unexpected drop line of Steem price
Today I experienced a sharp decline in the steem price, so I thought of sharing here because I often talk about this coin, but this kind of decline was not expected, which you can also see on the chart that I have shared below. This chart is for the last 24 hours, and you can see that a sharp decline is visible clearly on the chart, and this is something I have seen for the first time, especially with this coin.
I do understand the market is not really in a good mood this time, so price decline is obvious, but can you expect a continuous decline when there is no upward movement on the price, and it's like someone has drawn a straight line on the price chart, which is really strange?
reading chart is important because these are the charts that help us understand the overall price movement and the market sentiments in terms of the pricing And this is why I spend a lot of time on the charts to see the overall progress in different intervals however something which I have seen today is unbelievable and looks like it's not market rather somebody has done some artwork on the chart but that's not the reality since it is market and whatever is visible is the real thing.
What are your thoughts about it, and do you think it is just happened for no reason, or do you think that there can be something concerning in the market in this time, when things are really not doing great so Steem Coin cannot be left alone and the similar impact we are also going to see here whichever is happening on the other projects.
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the whole market is volatile these days. and STEEM hasn't been following others as well, I basically don't know what to expect
Does it mean we might be expecting a massive downtrend in the price of Steem in coming weeks?