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RE: Steem Price at 1.02$ - Just too Low!
STEEM shows some pretty intense support at $1 for months now. It does occasionally dip to $.90 but rebounds within a couple hours. Of course what you're saying is possible, especially if there continues to be no official updates from the Steemit team when everything is borked. It's been 2 weeks since these issues started, they really need to be resolved ASAP.
Yeah everytime it jumps off tbat $1 mark and stays close to it thats less buyers looking for cheap steem. However if it keeps bouncing back up at least 10% it could just keep making swing traders money. Only time will tell but would like to see it break the resistance and form a new support.