Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club
Hello and good evening to everyone at the Tron fan club. The market has rather on a roller-coaster for the past few weeks. We have seen most of the alt tokens loss and gain valuation. Steem can be seen as one of them. Today we will see steem price movements and reflect on how it has fared.
The week started with Steem gradually falling towards the support level of 0.144$ and then falling through it after several bounces. It was a rather strong support level. Unfortunately, for the next period, Steem gradually fell. So so the fall took steem to 0.1335$.
After and before getting bounced at the level of 0.144$, Steem tried several times to break the resistance at 0.16$. On the upper part, this 0.16$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.167$ zone ahead of Steem after that.
All Screenshots are taken from Coingecko
After experiencing a few bad weeks, Steem is currently showing mixed performance. It is down 10.4% in a week.
No word from this article should be taken as financial advice.
Thank You.
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Hey @arsalaan, great to see a clear and concise Steem price analysis on the Tron Fan Club! I appreciate how you break down the support and resistance levels, making it easy to understand the current market movements. The charts from Coingecko really help visualize the trends you're discussing.
It's valuable to have this kind of regular insight into Steem's performance. Are you planning to continue these updates weekly? I'm sure the community would appreciate that! Keep up the excellent work! What are your thoughts on Steem in the long term? Let's discuss!
https://x.com/Arsalaan00070/status/1928525588098150845?t=wvfKs8BooJvVNiRquvptvQ&s=19
Moving Charts: STEEM Prices Analysis is a great post you have shared.