The market has rather on a fall for the past few weeks. We have seen most tokens lose 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 gradually falling through all the support level. At last, Steem found a strong support 0.136$ level. But after several bounce, Steem started going down again when it failed to break through 0.185$.
After making double top at the level of 0.185$, Steem again became unstable. This 0.185$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.2$ zone ahead of Steem after that. As there is a bearish trendline below Steem now, it needs hold onto that also.
All Screenshots are taken from Coingecko
After experiencing a few good weeks, Steem is currently showing bad performance. It is down 22.7% in a week, which is very unfortunate.
No word from this article should be taken as financial advice.
232.698 SRY