Steem Dollars has chosen a bearish trend
There is a negative situation for Steem Dollars on the cryptocurrency market on December 22. Token’s rate after the previous sharp rise suddenly changed the trend from “bullish” to “bearish”.
In the last 24 hours the price of SBD fell by 41.57%. The Steem Dollars is now $8.34 on Bittrex. The market capitalization of SBD fell to $34.3 million.
A similar downward trend affected Steem. The price of the token has lost 39.48% over the past day, falling to $2.35 on Bittrex.
In the event of a breakdown at the $8.13, we should expect a further fall in the SBD rate. The opposite scenario is expected in case if SBD’s price overcome the level at $10.00.
The fall of Steem below $2.00 could accelerate the downtrend. Price growth should be expected in case if it rises above $4.20.
Read also:
Bitcoin’s price fell by 15 percent
Bitcoin forecast for 21 December, 2017
Expert: Bitcoin’s real price - $0.00
Steem dollars’s price grows - what we should expect in the future?
Goldman Sachs is creating a cryptocurrency department
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STEEM Price : 3.121 $
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