Correct.

In my opinion, there was a strong reason why last 13 weeks we saw only price falling - can you guess that reason? :)

Also... so many movements in other crypto probably wasn't helpful - there was a lot of other coin which was better for traders last 2-3 weeks.

Hardfork 17 is almost ready, and I believe, that we will see some changes, especially in number of comments, what should (IMO) actually improve user engagement.

Still... I would not be surprised to see price of STEEM around 0.05, but I am pretty sure it will recover.