It seems like Steem-Traders hold on to this chart fiercely... I know that Bitcoin has fallen as well, but not like this...

I am quite optimistic that the 1.23 USD will be reached in the next few days. But what will happen after that goal has been reached? Technically speaking the resistance line has been confirmed 7 times in the last 3 months, so it could be that only the falling support line will be breached...

So free-fall after April 5th?

This could well be the case... Steem reaching a 1,000,000 accounts and at the same time Steem reaching low after low... I am not so sure, but traders surely will not buy this if the chart keeps looking like this... They would follow the chart through to pennies...
For a trader fundamentals are not interesting... they go with the chart and that is it...

We need SMT's to get to the Top 10!

Hopefully @ned comes out soon with the SMT's... I think the characteristics of this blockchain with all of those balances powered-up will give this an enormous boost... Then Steem could rise in the Rankings considerably. Steem in my eyes should be in the top 10 at least...