With the overall crypto market falling considerably overnight, the price of STEEM seems to have bounced back up (from its previous resistance/support level of around $3.65) to $4.66 over the last 3 hours (please see the two-hourly chart above).
It is now at a critical juncture and if it can go above $5.3 and stay above this level, it should resume it's uptrend. This is a very exciting time to be watching STEEM !
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DISCLAIMER: I'm not a financial adviser, nor a professional trader and nothing I say here is meant to be a recommendation to buy or sell any financial instrument. It is purely for educational purposes. Don't invest money you can't afford to lose. Always do your own due diligence before trading or investing.