Unexpected drop on STEEM Price

We are all aware that the market is not in a good situation, and most of the coins are in red, even though we have seen some greenery in the market, but some of the coins are measuring its value continuously. Our favourite coin is also not doing great at the moment, and I'm talking about this team coin. Well, you can see that this chart is clearly showing how the price is dropping, and this straight drop is completely unexpected.

I think this is the lowest price I have ever seen for this coin, and to be honest, I really don't know where it's going to stop and why it's dropping like this, because it's a bigger community and a lot of people are holding bigger stakes. If this trend continues, then probably we are going to see the price dropping below $0.05, which is really to low considering the value this coin holds and the kind of ecosystem it is built on.

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I know that it is a long-term strategy on this platform, which I have been following, but sometimes I feel like why this price is continuously following the downtrend, even though I know there are a lot of people who are holding their power and they are not selling, but maybe there are some people who are also selling. The exact reason is something that we can't decode, but just a guesswork, I would say, most of us are doing.

I'm still hopeful and positive about this coin; however, this type of sudden price drop is not expected at all, and I'm hoping that things will not be the same for a long time, and the situation will turn around. So stay positive, and let's hope for the best with a significant spike in this coin.

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