Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club
After another eventful week in the market, STEEM is back where it was a week ago. Considering the current state of the market and as we have seen in the last couple of days bitcoin released 30,000$. It has been dumping ever since and currently, it is at around 28,500$. And as most tokens follow Bitcoin in the price segment. STEEM has also followed suit.
Now if you look at the charts 7 days ago STEEM was valued at 0.217$. and since then it has been consistently going upward but not much. Eventually hovering around 0.22$ which was the case for the past few weeks, and has stayed that way. Now from the 16th of April, STEEM has been somewhat gaining a good portion of value and many people thought that this was the inevitable jump, coming, after being valued at 0.22$ for a significant amount of time. That little jump took STEEM up to 0.243$. Park was actually good enough by right afterward, on the 17th of April STEEM had a mad pump and the price went all the way up to 0.28$. That is the highest team had been during this week.
Now coincidentally or very conveniently whatever term you would like to use, Bitcoin started crashing right around the same time when STEEM went all the way up there. And as Bitcoin started crashing down, STEEM started losing all those gained values as well. As a result after being at a very different place on the 17th of April. Fast forward 3 days and STEEM is right back where it was at 0.22$. It didn't take long for STEEM to re-adjust its position.
All Screenshots are taken from Coingecko
As of now, STEEM is valued at 0.221$. And as it looks, it will stay at that place for quite some time. And maybe steadily go upwards in the near future. Fingers crossed.
Thank You.
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