Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club

Hello and good evening to everyone at the Tron fan club. Last week was dramatic. It's been a very volatile week for steem. Overall the price has been lower than previous weeks, but in the middle of the week steem has seen some worrying lows.

Source 1 Source 2

This time last week, steem was being traded at 0.24$. Although previously steem was valued upwards of 0.26$. regardless, from this point on there was an attempt to cross the 0.24$ margin again to recover fully. As this didn't happen, the reversals recorded lower lows every time.

Once steem succeeded in crossing the 0.24$ mark, it quickly came down for worse, recording a weekly low of 0.205$. Thankfully some of it was recovered in the reversal. Steem touched 0.235$ upon coming back from 0.205$.

Steem got volatile after this crash to 0.205$. after touching 0.235$, steem went under 0.22$ and almost near 0.215$. This happened twice. Then late into 10th December, steem saw a pump which was mostly in association with BTC and the other tokens of the market. This pump saw steem come back to 0.24$, where it currently tries to stabilize itself, before moving forward.

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All Screenshots are taken from Coingecko

Steem has been going through a bit of a rough patch lately. After being consistently on the high for the past few weeks, there's been a fall since last week. The market isn't being kind to ALTs either.

No word from this article should be taken as financial advice.

Thank You.

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