Steem Rapidly gaining support on Poloniex, and it looks like another price run may be coming in the near future.
If we take a look at the charts we can see that there is a very strong bullish setup, which doesn't appear to be fading. There is serious support around the 48 thousand satoshi level, which is a few percent below the daily high! With the massive amounts of transactions that Steemit has been seeing and has proven capable of handling this comes as no surprise to me, but it is great to see this level of support. The setup of the order book is very bullish, with support exceeding 60 BTC at the 47,900 satoshi mark.
There is little that could make me happier than if Steem continued to climb and gain support overnight, and I sure hope it does! The interest in the Steemit platform and Steem the currency are both at exceptional levels, and I really think that support levels like this will do nothing but bring additional attention and interest to the Steemit platform!
Thanks for reading!