Steem tries to break strong resistance level
(Tradingivew Steem/USDT 4H chart)
Steem price fell short of expectations last year. Steem price remained flat while other cryptocurrencies increased. Steem price increased very well in February. Especially in June, there was a huge drop in all cryptocurrencies. Although the Steem price also dropped a lot, it recovered afterwards. He performed very well during the bear period.
There is a very strong resistance around $0.589. There have been a few attempts to break this resistance, but that resistance has not been broken yet. I think this resistance will be broken soon and Steem price will rise as high as $0.80-1.00 in 1-2 weeks.
I have a few conditions for this. Bitcoin price should stay at this level for a while. Steem's trading volume should increase a little more.