Weekly STEEM Prices Analysis || 10% To @tron-fan-club

arsalaan (75)in Tron Fan Club • 2 years ago

Good day to everyone at Tron Fan Club. I hope you all are doing very well in these troubled times in the market. This week in particular has been eventful, mostly because of the little pump we are experiencing. This has had some altcoins rise in value. As they rise in stability. But STEEM survived even though after showing good potential. Today we look at the charts of prices over the last week for STEEM.

Source 1 Source 2

Okay so this week we can see STEEM prices have started at around 0.22$. And within a few hours that day, the little dip, just a little one. Only from 0.22$ to 0.2150$. It has been recovering since then. It has been somewhat significant because during the whole period the price was above the price STEEM started out in this week. Though it levelled out at some point during 23rd of September. We're only in day 2.

After levelling out the prices had seen a pump. This pump took the price of STEEM to a weekly high of around 0.2450$. But as usual and seen a thousand times before today, every pump needs a leveller. So after this pump levelled down, it didn't go as low as where it started in the beginning. Which is an upgrade. All this happened during 24th and 25th September.

After this, as i have mentioned earlier the whole market is experiencing a slight pump in token values. STEEM wasn't against the tide. So of course it also has seen a rise in value. But not as high as it was during the midweek pump. Mostly staying near 0.2350$ area and the key part is that it hasn't been recording lower lows, but higher lows. Which obviously means a growing consistency in STEEM value. This is good news. Although this week almost 90% tokens are up in value, many of them seem volatile. So ensuring stability will be a big fact going forward.

All Screenshots are taken from Coingecko

There's not much good news regarding STEEM as of now. But the investments are coming. And of course we are to expect an economic crisis in the crypto market especially for how the world is now. Nevertheless, that support barrier needs some holding, and if it does, it can be golden.