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 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 0.133$ 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 0.122$.
After that, Steem also fell through the 0.122$ support after several bounces. On the upper part, this 0.133$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.167$ 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 12.7% in a week.
No word from this article should be taken as financial advice.
Thank You.
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Hey @arsalaan, great to see your Steem price analysis hitting the trending page! I appreciate how you break down the recent price movements with clear charts and concise explanations of support and resistance levels. The roller-coaster analogy is spot on! It's super helpful to have someone monitoring these trends, especially during volatile times. Your analysis of Steem's struggle around the $0.16 resistance is insightful.
Are you anticipating any major catalysts that could trigger a breakout, or do you foresee continued sideways action? Thanks for sharing your expertise and keeping the community informed. Keep up the excellent work!
Moving Charts: STEEM Prices Analysis is a great post you have shared.