STEEM has been seeing nice gains lately after bottoming out sub $2. Now, we are going to see the relevance of another significant support level for STEEM -- the $3.60 level.
This level was broken on the way up with massive volume, completely shredding the resistance which now definitely turns into significant support.
This price level has been important for STEEM last last few months acting as both support and resistance.
It's been a good month for STEEM (and the other crypto markets), so I predict this level holding as support.
Today, we're down almost 10% and I think we will see a bit more pullback. This is actually the best case scenario in my opinion.
Volume has been shrinking, so if we find support, any volume will certainly drive prices to see new highs in the $5 level.