STEEM $$Price$$ Update and Technical Analysis
In my opinion, I believe we can see the price of Steem steadily climb in value as adoption of the platform continues to grow! I expect a steady incline in value, possibly reaching a 1 Billion dollar marketcap by August 2017.
STEEM
Current price =31,500 - 32k satoshis
First level of resistance = 34k-36k satoshis
2nd Level of resistance = 38k-40k satoshis
New support level = 30k satoshis
The above levels are based on the Daily chart.
The Weekly chart shows strong buying volume for the past 3 weeks in a row. This week we crossed above the 10 day moving average for the first time on the Weekly time frame.
This post has been ranked within the top 80 most undervalued posts in the first half of Dec 09. We estimate that this post is undervalued by $5.67 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 09 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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