Hello and good evening to everyone at the Tron fan club. The market has rather on a rise for the past few weeks. We have seen most tokens gain valuation. Steem can be seen as one of them. Today we will see steem price movements and reflect on how it has fared.
[Source 1](https://unsplash.com/photos/w9coDxtsfts) [Source 2](https://commons.wikimedia.org/wiki/File:Steem_logo.png)
The week started with Steem gradually rising towards the 0.228$ from 0.22$ level. Suddenly, Steem broke through the level but it was actually a fake-out. So it went down to the 0.22$ again. After that it tried to break the resistance again.
At the third try, Steem broke through 0.228$. After that, the next major resistance was at 0.234$. With a successful retest, Steem broke that level also. So it pumped quickly to 0.246$ and got rejected there.
Steem created a nice bullish trend over a span of four days. After getting rejected badly, Steem came down to that trendline. After losing this trend, it started hovering around the 0.235$ level. As there seemed to be a strong support zone at 0.234$, Steem may use the level to get strength and ultimately break the resistance of 0.244$.
All Screenshots are taken from [Coingecko](https://www.coingecko.com/en/coins/steem)
Steem has been going through a bit of a rough patch lately. After being consistently on the fall for the past few weeks, there's been a rise since last week.
**No word from this article should be taken as financial advice.**
Thank You.
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