Steem broke out of its downtrend move and made a consolidation pattern right after. Look to see a breakout once it breaks this trend line and see a sizable move upward. While it might take a longer time than other cryptos to make this move up we should take out the prior high and break into the $5 trading range.
There are a lot of cryptocurrencies out there that have a correlation pattern between them as some will follow others as they rise and fall. Steem is one of the few that seem to have a different agenda than the others and move in a very different pattern than the main giants like Bitcoin, Litecoin, Ripple and others.
Total Marketcap:
$429,222,492,093 (Feb 25th)
$421,986,906,307 (Feb 24th)
$449,312,999,950 (Feb 23rd)
$426,407,373,050 (Feb 22nd)
Todays Marketcap of Cryptocurrencies
#1) Bitcoin $163,204,400,870(Price $9,664.90)
#5) Litecoin $12,089,920,802 (Price $218.32)
#26) Steem $868,004,574 (Price $3.46)
Yesterdays Marketcap of Cryptocurrencies
#1) Bitcoin $161,927,626,582(Price $9,590.49)
#5) Litecoin $11,094,110,987 (Price $198.14)
#26) Steem $858,279,474(Price $3.43)