Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club
Hello and good evening to everyone at the Tron fan club. Today after quite a while we would like to talk about STEEM. I must say I have been negligent in the last couple of weeks and I've been busy. And in turn, STEEM has been neglected quite very much. So today I want to do the token some justice and look at its current situation and its recent past situation and an overall assessment. Well, we have already seen multiple times that STEEM has been closely following BTC. Whenever the leading crypto token is having a good time so does STEEM and whenever it is having a bad time STEEM follows through. Now as you all know by now Bitcoin over the last three or four days has been stagnant. And the prices have fallen significantly apart from the single square Bitcoin reached up to 27400$.
Now as we start looking at STEEM, 7 days ago Steve was valued at 0.196$. Since that moment STEEM has been consistent. In the next two to three days she has stopped much moved in its price. It has stayed right below the 0.20$ margin for the whole time.
Moving into the 22nd of May when bitcoin took a dive seeing took a dive too. And then that period Stevie Wonder was down to 0.188$. After then a slight pump took the token up to at this point everyone thought that the 0.188$ area was just another hiccup. But unfortunately, worse things followed.
24th of May onwards STEEM fell off a cliff from a water respectable 0.195$, STEEM went down to 0.182$. now that particularly is a very concerning situation, especially when you see the whole market is losing. In the meantime, bitcoin has also sunk below 26000$, so it's only obvious that STEEM would do something similar too.
All Screenshots are taken from Coingecko
What happens from now is something that depends on the whole market because everyone is losing and the same or similar rate. So for STEEM to recover, the whole shift needs to turn around.
Thank You.
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Thank you so much for sharing a valuable post.
It's good to know that you've found value in my post. Thank You
Great analysis and good to see you get appreciation from 535 upvoters of steemit, Bravo! Indeed a great piece of share, I appreciate it. Good job, keep it up!
Hi! Thank you for passing by and appreciating my content. It means a lot to me
my pleasure bro, thanks for sharing !