Interesting analysis as always @scaredycatguide. I wonder if the token performance is at least in some way altered by the ecosystem behind it. Rather than just being a means of exchange and a trading instrument, the utility that investment into steem provides, especially when powered up, coupled with the delay in powering down, may mean that price action is more subdued or shock tolerant. I'm speculating here but would be interested in whether others too see a fundamental difference. Still, I find it fascinating that technicals still seem to apply; something you've noted a number of times 😊
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