SUMMAY
Steem is currently trading in a very volatile region within the market. Yesterday we saw price rejected at the $1.70 area, however there are countless points within the market until the $1.40 level where price could stall or find support.
Price action between the levels of $2.15 - $1.40 is extremely unpredictable. When market conditions are like this, it is extremely difficult to speculate which direct the market will move. Alot of the movement will be a reflection the bitcoin, if bitcoin prices fall then so will Steem and the rest of the market. However, with the mass of uncertainly within the market and lack of volume, i believe we could see prices continue this bearish trend and potentially find support at $1.40.
Will prices find support before the major level at $1.40? Leave your thoughts in the comments!
