If current support will hold, which is very strong based on the past, trend could start to reverse to the upside.
The Bitcoin dominance is in a correctional phase from 70% high, that could result in some capital moving towards alts.
Steem is in top 100 coins, with a real working product. This could result in more trust agains other alts, and in this case price might be fueled or even puped from the current level.
This might be either a 3 months rally towards $2 or even $5 area, based on fibonacci levles. But at the same time is current low, where double bottom has been formed is broken, there migh be more decline, to test next support around $0.16 area.
The Bitcoin dominance is in a correctional phase from 70% high, that could result in some capital moving towards alts.
Steem is in top 100 coins, with a real working product. This could result in more trust agains other alts, and in this case price might be fueled or even puped from the current level.
This might be either a 3 months rally towards $2 or even $5 area, based on fibonacci levles. But at the same time is current low, where double bottom has been formed is broken, there migh be more decline, to test next support around $0.16 area.
Comment:
Here is BTC.D chart
