STEEM has been seeing nice gains lately after bottoming out sub $2. Now, we are going to see the relevance of another significant support level for STEEM -- the $3.60 level.
This level was broken on the way up with massive volume, completely shredding the resistance which now definitely turns into significant support.
This price level has been important for STEEM last last few months acting as both support and resistance.
It's been a good month for STEEM (and the other crypto markets), so I predict this level holding as support.
Today, we're down almost 10% and I think we will see a bit more pullback. This is actually the best case scenario in my opinion.
Volume has been shrinking, so if we find support, any volume will certainly drive prices to see new highs in the $5 level.
Could Steem make a nice cup-and-handle formation in the coming days? Looking bullish either way - onwards and upwards!
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Definitely very possible! We can hope so, that'd be a good sign. Although I wouldn't mind price down so I can load up and get more :D But I'll take the higher prices. It's definitely better for this site and platform.
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But Steemit's currency is much better than the currencies of other sites
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I think it's one of the better crypto's period. Unfortunately that doesn't determine price yet....
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Not really following the news recently. What's your opinion on the future of Steem. Really believe in the project.
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It's one of my favorite cryptos! It actually has a use case besides wealth transfer.
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Really looking forward for the future. Really believe in the blockchain technology and it's one of the few projects in the top 30 cryptos that actually has something that people can see (people new to the blockchain).
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Yep, I agree! :)
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Awesome. I would greatly enjoy Steem going up in value! Now if only I had more steem....
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Haha we're all on the same boat. Just means more motivation to keep creating great content and curating posts! :)
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