Steem is down around 11% since yesterday as like most other cryptos had a rough night and has seen a significant pull back. In the chart, Steem has taken out nearly all of the previous support lines but has held on to one but looks like its going to test it again in the coming hours. Do not be surprised to see Steem take out this support line and continue its downward move even further as cryptos across the board have taken out significant support lines. I am still bullish on Steem and believe a big move up is coming however, the timing is unknown. Be patient and if you are looking to buy into Steem again, it looks like a good opportunity to jump in and buy some more at a discount.
Current Marketcap of cryptocurrencies:
#1) Bitcoin $$182,830,731,239 (Price $10,832.40)
#5) Litecoin $11,877,430,619 (Price $214.72)
#25) Steem $979,966,148 (Price $3.92)
Yesterdays Marketcap of Cryptocurrencies
#1) Bitcoin $196,671,738,600 (Price $11,654)
#5) Litecoin $13,474,893,398 (Price $243.66)
#27) Steem $1,091,637,702 (Price $4.37)