Steem Is Once Agian Up by 10+% , can it reach new heights Now ?

Steem is once again moving up , just in less than 24 hours steem has seen a great rise in the price.

Steem has gained around 75 Satoshi and that is not at all bad. If we talk about yesterday the price was somewhere around $0.60 and today it is more than $0.65 .

this quick change in the price of steem is gonna effect traders in good and bad both the ways depending upon the way one looks at it.

Before talking ahead let us take a look at the price chart of steem i.e taken from Binance Mobile Exchange App.

Now the question that arises here , what is next for steem ?

It is actually not possible to exactly tell what will be happening but there are two probabilities for sure.

1. Price continues to rise and cross $1 soon.
2. Price drops down to $0.4-0.5

If we see the probability based on one last year it can be said that the price might not go up and stays somewhere below where it is currently living.

But if we look at the performance in last two weeks , not only steem but many other coins have changed the game for themselves.

In that case scenario it can be said that price will not only climbing up but also be crossing $1 mark really soon.

Coming to my prediction based on my analysis , i think there is nothing to get excited about as the current rise might only be a one time come back for the coin.

And I still will say that the price is expected to drop down , atleast for the current time.
Maybe this year we might see more of these rises but again only time ll tell that.

Thats all for this post , Happy Trading everyone.