I think we also must not ignore the fundamentals. Steem has been losing activity lately, few new sign up and few transaction, post and votes.
Currently steem has about 300% increase in its supply, so for steem to stay stable or increase in value we need growth.
At this time it seems that we have a bit of a retention problem, which might not allow for an increase in price.
By the way you can check these thing on steemle.com
thanks for the link! didn't know bout it!
Good point.
There was as high as 4% growth in total user accounts on back to back days just over a week ago (Saturday, 8/13 and Sunday, 8/14) and less than 1% growth on both of the last two days. That's a big difference for just one week.