STEEM price is declining rapidly

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The price of STEEM is declining rapidly in the last 24 hours, I think it would end up at around 1.5$.

This is a graph that states the price in the last 24 hours. look how much it has dropped. and it doesn't seem to stop.

STEEM price in the last week, from around 3.4$ to 2.4$. one dollar down over a week.

-8.87% down in the last 24 hours on Poloniex.

How do you think it would end up? could this coin survive and keep it's value?