If Steem is to rise, it needs to overcome that sell wall at around 0.32. That is one ugly sell wall, though. Which probably does a lot to explain why Steem is languishing in 60th place on CMC and hitting new lows even as bitcoin and a few of the other alts are rising.
I haven't been following the drama, so maybe i missed something, but this certainly looks like folks cashing out is causing the malaise. No buyers in sight.
