Is the move up in STEEM over, or is this just the beginning of much higher prices?

7일 전

Many out there are wondering if that was it for the price of STEEM or if it has more to run...

STEEM ran up to $1.31 several days back and has fallen significantly since that time.

As I type, it sits here around $.88.

That's a drop of roughly 33% from the highs.

Does this mean the run is over or is it simply a hiccup along the way to higher prices?

I can't say for sure which one it is, but we did see something similar back in 2017 around this same time when STEEM started to run.

Check it out:

image.png

(Source: https://coinmarketcap.com/currencies/steem/)

On May 24th, 2017 STEEM hit a high of $1.32 and then less than a week later on May 28th, 2017 STEEM hit a low of $.88.

Sound familiar?

It should, that price action is almost the exact same thing we are seeing right now, at a similar time of year as well.

If history were to repeat in any way shape or form, we would expect to see STEEM surge again in the coming weeks.

Looking back at history, by June 9th 2017 STEEM had run all the way up to $2.77.

If today is the low, that would mean we would expect to see STEEM significantly higher within the next 2-3 weeks.

We are about to find out exactly how similar this current environment is to back in 2017...

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I’m hoping for a nice run. Guess we will see

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Same here.

IMG_20210408_011327.jpg

is this really your ref code

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Yep, that's the one!

I hope the past history will not repeat itself.

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Why is that?

I loved this platform many years back but it seems at least in my general feed that the english portion of this site is relatively dead post wise. Have I not put in enough time to keep searching?

Hope we do go on a run though, could use a lil feel good on this token after all the loss!

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Yes, steemit.com was purchased by Justin Sun about a year ago and there is a much larger Asian base than there was several years back.

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Ahh I was unaware of this. Is there much of a English community left if I dig for it?