In one of my previous posts, I mentioned that the STEEM price could potentially drop below $1.30.
Yesterday the Price touched $1.44 this was to me a strong indication that a strong decline was gonna follow.
And Today we see the Results of that
I made an Analysis today and looking at the current position of STEEM in the market I would like to mention that STEEM is resting on a support around the $1.15 Price.
This means that if STEEM Breaks out of that Price we can see a further decline of up to -30%/-40% Today and in the days that follow.