For the past week, Steem has been experiencing low volume and not much movement. It's been range bound around 25-28 cents for almost a month. But now we are experiencing somewhat of a breakout!
As you can see, in the past few days the volume has been steadily rising which is a sign of a possible bottom & reversal! 1 Million in volume a few weeks ago or less even, is now $7 million in volume in the past 24 hours!! The price has risen from 28 cents to 32 cents and even hit 35 cents for a short while before falling back down to support levels.
Does this mean the bottom is already in? We are up 50% off the December lows, meaning it's possible that we are entering a new growth period. If this excellent volume keeps up, we'll be seeing 40 cents and beyond in no time! Stock up on Steem while you can! The train might be leaving the station.