Daily Steem Price Update: Steem Is Still Struggling, Volume Needs To Pick Up

in steem •  7 years ago 

Hey there Steemians, Steem is not impressive at the moment, there is low activity in the market and price wise, nothing to brag about. Anyways, lets have a look at the daily chart:

2018-05-31_12h42_46.png

Comment: We do have long term support around 1.90 so there is still a risk that we could go down there. At the moment we are hovering around 2.35.

Otherwise, if we were to go up again, we want a close above 3 bucks and we also want some significant volume coming in. That would mean that the move could be sustainable in the medium term.

Happy Steeming!

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Let's wait and see..looks like the other major currencies are consolidating right now...Guess we'll have to enjoy the silence right now, and power up if you have the money🙂👍