The chart above clearly shows that Steem Price is going down in dollar terms.
But When we see it in terms of BTC then the decline is not that sharp. In fact price volume trend as well as MFI show it is still in accumulation mode.
So today's drop could be just an attempt by some traders to rebalance their portfolio wrt BTC.
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Great post!
Thanks for tasting the eden!
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Thanks for the info @prameshtyagi!