SUMMARY
Just like Bitcoin, we have seen Steem AND Steem Dollars prices rise from major support levels. Although Steem and Steem Dollars have suffered from major market manipulation, price were able to follow Bitcoins lead and rise over 10% during the week.
On the daily charts it is obvious that prices have been ranging and respecting the channel between $1.25 - $1.45. When a coin ranges in a channel it can often mean that it is gaining momentum for a huge breakout, price was also able to create a higher low over the course of the last month. Although price was rejected when it tried to break out of the $1.45 region, creating a higher low is a very positive sign of a healthy market and that there is upside potential and once the channel is broken we could see prices drive towards the $2 level.
