The market has rather on a stall for the past few weeks. We have seen most tokens fluctuate. 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 0.16$ level. But after several bounce, Steem started going up again gaining strength.
After making double bottom at the level of 0.162$, Steem again started its upward journey. This 0.162$ zone is now a crucial support 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 above Steem now, it needs to break that one also.
All Screenshots are taken from Coingecko
After experiencing a few good weeks, Steem is currently showing mixed performance. It is up 8.5% in a week, which is very unfortunate.
No word from this article should be taken as financial advice.
0.000 SRY