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 tokens lose 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.

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The week started with Steem gradually falling towards the support level of 0.124$. What a strong support it was before! Unfortunately, after several attempts, Steem became too weak and fell through that level. So it soon fell to 0.114$.

After bouncing at the level of 0.114$, Steem started rising. On the upper part, this 0.132$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.15$ zone ahead of Steem after that. As there is a bearish trendline that is above Steem, it needs to break through that also.

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All Screenshots are taken from Coingecko

After experiencing a few bad weeks, Steem is currently showing mixed performance. It is up 3.9% in a week.

No word from this article should be taken as financial advice.

Thank You.

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