Steem Price Has not Broken Up Great Resistance YetsteemCreated with Sketch.

in hive-175254 •  2 years ago 

Steem was one of best performer crypto nowadays. It went up from 0.14 USD to 0.23 USD in a day...
Even It goes down is a few days, It showed it is undervalued crypto on market.

The bottom of Steem price average was around 0.14 USD. We saw this price level during 2019&2020. So, It may be best level to pick up discounted Steem.

Steem price is still undervalued. It has not broken up great resistance.

Here you can see daily chart of Steem.

Ekran Resmi 2023-01-20 19.53.29.png

There is great resistance on RSI Indicator. It has not been broken up.. After It is broken up, we may see huge moves on Steem price..

We will see..

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STEEM has so much potential. And you are very right, STEEM currently is at a discounted rate.

Thanks for sharing this wonderful article with us @chorock

Good analysis.

There is quite a bit of accumulation in that area, it is a very large price range, although I am confident that, if we are at the start of a new BTC trend, STEEM could continue to explode. Let's wait and see what happens.

I hope this resistance will break soon!