Hello and good evening to everyone at the Tron fan club. The market has rather on a roller-coaster for the past few weeks. We have seen most of the alt tokens loss and gain 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 towards the support level of 0.128$ and then falling through it after several bounces. It was a rather strong support level. Unfortunately, for the next period, Steem gradually fell. So so the fall took steem to 0.11$.
After that, Steem bounced on the level of 0.11$. On the upper part, this 0.128$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.165$ zone ahead of Steem after that.
All Screenshots are taken from Coingecko
After experiencing a few bad weeks, Steem is currently showing mixed performance. It is up 0.3% in a week.
No word from this article should be taken as financial advice.
Thank You.
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Moving Charts: STEEM Prices Analysis is a great article you Have shared.
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Thank you so much for sharing this chart with us. With the look of things, it is actually looking like the price movements will still move forward in the coming weeks. I believe in Steem
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