Another way to suspect that this could be the bottom:

The price of steem is now down about 80% from the top, a typical bubble rises explosive and then fall down 70 - 80%. If this is the case, the air is out now and the price can be supported by real fundamentals. Bitcoin was in the same situation and became a very good investment after (and still is). When Steemit is a good platform and more people will use it the price can go up again.