The Steem Sell-Wall Has Been Lifted

In my earlier post from two days ago, i mentioned how there was a huge sell-wall that was depressing Steem prices at around the 0.32 level. Here's the chart in case you don't want to click on the link:

I'm happy to report that we have broken through the wall. I'm not sure if it was due to a steady stream of buyers chipping away or just the sellers cancelling their orders. Either way, it doesn't matter. Typically, once a sell-wall has been lifted, prices tend to shoot up.

Current chart

Doesn't the current chart look a lot healthier? Next major resistance is at around 0.44. Fingers crossed that Steem prices jump now and we climb the rankings back to the 30s on coinmarketcap where we belong.