Steem had a bad fall
Today steem had a nasty fall and fell 8.22% in terms of BTC price and 7.79% in terms of US $ price.
This should come as no surprise as Steem and SBD have been running hard for the last several days.
A little rest before the next sprint?
Steem has shown a decisive strength in this stretch of the rally. This upside run has been marked by rises and short cool down periods which have seen followup buying so this current fall can be seen as a healthy correction.
This price retreat can also bee seen as a small rest period before Steem makes a dash to go higher.
In general Steem and SBD follow the same direction and SBD has been holding its position well over the $ 1 mark and this is quite heartening to see.
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Hope steem goes up
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