Steem

Expect continued downward pressure with a potential range between 0.048 and 0.051 dollars representing a move of negative two percent.

The downward trend is likely to persist as buyers remain absent, pushing the price toward lower support levels.

High. The combination of double digit weekly losses and thin liquidity creates a dangerous environment for holders.

Large holders are likely looking for exit liquidity given the quiet volume and the lack of upward price catalysts.

The neutral market sentiment provides no tailwinds for this asset, leaving it vulnerable to its own bearish technical structure.

The asset is suffering from a prolonged lack of development news and declining user activity on the main platform. Investors are rotating away from older social tokens into higher momentum projects, leaving Steem to bleed out slowly.