The chart is very bearish, volume is very low compared to the market cap, this indicates an inflated market cap and almost no one willing to buy STEEM.
The price decreased by almost 50% in the last few days.
I believe the price is going back to 0.2 USD in the next 60 days top, where it belongs. Then from there the price will fluctuate a bit until this platform creates real value.
I was once told that you can't predict the market. So now if I disagree with your statement, which one of us is wrong? >_<