Moving Charts: STEEM Prices Analysis
Hello and good evening to everyone at the Tron fan club. The market has been stagnant for the past few weeks. We have seen most of the alt tokens lose valuation. The macro economic conditions are not helping either. Steem can be seen as one of the more stagnant parties. Today we will see steem price movements and reflect on how it has fared.
The week started with Steem staying level with the previously held support levels. It is now just above 0.057$. The movement shows that Steem was having difficulty in holding. From the start of the week it is at 0.06$, but expectations are low as to whether it will come back up again soon. Currently it is holding onto the 0.0575$ area.
At the end of the week Steem started crashing with the market. The downtrend is still in effect. Steem is currently moving closer to 0.057$. On the upper part, the 0.07$ zone is now a crucial level for it. The trend is in decline but many assume whether Steem is fully on track or not. Steem needs to gain the strong support zone at 0.06$, with a successful retest. There will be 0.09$ zone ahead of Steem after that.
All Screenshots are taken from Coingecko
After experiencing a few normal weeks, Steem is currently showing bad performance. It is down 3.5% in a week.
No word from this article should be taken as financial advice.
Thank You.
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