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HomeNewsSTEEM Price Analysis: Anticipated Hard Fork Propel STEEM/USD Bulls to $0.4416, TRON...

STEEM Price Analysis: Anticipated Hard Fork Propel STEEM/USD Bulls to $0.4416, TRON CEO Justin Sun May Face Acquisition Challenges

*Anticipated hard fork propel STEEM to new highs at $0.4416
*The coin is vulnerable to bears after the end of the fork
*TRON CEO Justin Sun may face acquisition challenges

STEEM/USD Daily Chart: Ranging

Once the correction begins, the price may retest the level at $0.30 (the daily 50 MA upper horizontal line zone) and possibly recede to the level at $0.15 level (daily 200 MA).

STEEM has a bumpy short-term trend, with the crypto-asset now trading past the 50-and 200-period moving average of the STEEM/USD pair over the four-hour time frame. The four-hour time frame suggests that a bullish over-sold formation is structured on the RSI and can induce pressure from technical selling, with higher lows and lower highs making the price bearish.

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