Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club
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 gain and 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 towards the support level of 0.12$ and then losing that level. It was a rather strong support level. Unfortunately, for the next period, Steem gradually fell and rebounded to get rejected again.
After that, Steem fell through the level of 0.115$ quickly. On the upper part, this 0.12$ zone is now a crucial level for it. It has created a bearish trendline over the last week, that needs to be broken through. Steem needs to regain the strong resistance zone, with a successful retest. There will be 0.13$ 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 down 16.5% in a week.
No word from this article should be taken as financial advice.
Thank You.
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