Where is Steem Heading to? || All About Steem
Hello guys! Everyone here at Steemit absolutely love STEEM. With this newly started bull cycle, our eyes are always set on Steem token. I'm going to try to analysis the movement of Steem and may share some important news about Steemit.
Rise of Price
Steem experienced a downward trend over the past week, followed by a brief recovery with some volatility. It began the week near $0.137 but has since dropped to around $0.130 as of now. The chart suggests a potential support level around $0.125, which could prevent further declines if held.
Price Now: 0.128$
Price Change (7D): 2.6%
So this is all for today. I hope Steem will perform nicely in the upcoming week. Let's see how it plays out. Till then, take care. Bye!
Upvoted! Thank you for supporting witness @jswit.
Hey @muqatil, great to see your Steem price analysis trending! It's fantastic to have someone keeping a close eye on the token's movements, especially with the buzz of a potential bull cycle. Your concise breakdown of the past week's performance, highlighting the potential support level around $0.125, is super helpful for the community.
I appreciate the clear visuals and data points you've included. It's exactly the kind of insight Steemians need to make informed decisions. Looking forward to your future updates and any news you might uncover about Steemit! Keep up the great work, and let's hope for a green week ahead! What are your thoughts on the impact of SMTs on Steem's price, if they ever are released?