Steem Market Analysis || 29 October 2023

Assalamu Alaikum friends,
Steem also started performing well with the Bitcoin pump. Steem held its price above $0.30 for a few days. But suddenly it dropped to 0.21$ due to the dump. Why did you dump? Whether to pump again, I will discuss these things in today's blog. So let's get started without delay:-

---

Coming to 2023, Steem ranks among the best crypto projects. They are advancing their activities very nicely by solving all the problems of their various projects, survival in the long-term market, etc. Currently, the Steem prize is 0.2155$. And its volume dumped approx.

---

One of the reasons for this is that Steem Coin was integrated into futures trading on the MEXC exchange a few days ago. And immediately after connecting, there was a huge dump in Steem Coins. Therefore, traders are not currently trading on Steem. That's basically why the volume has gone down.

---

As we can see on the chart, STEEM is moving sideways after a big dump and trying to form an uptrend. First, the Steem price went from 0.17$ to over 0.30$ + in a few days and managed to hold it. But, a piece of bad news can lead to a big dump. If the uptrend continues now, it can continue. So we can see the Steem price between 0.24$ - 0.26$ in a few days.

However, it will take enough volume on the Steem Market to continue the streak. As can be expected, the Steemit platform will bring volume to Steemit Coin and pump up the prize.

And we users should hold the Steem coin. As if the sale rate in Steem Coin is very low. "Let us swear, hold the Steem Coins." Let this be our slogan. It's good for all our steemians if the Steem prize is pumped.