STEEM price down!! Time to worry??

Yes, it is the time to worry because the price of STEEM is way lower. The price of STEEM is $1.26189907 as of 27th July 2017 with a market capacity of $300,391,575.0. The price drop can be seen affecting the steemit post payouts which has decreased a lot. An example of my post can be taken, my recent post had a potential payout of $15(approx) yesterday and now it has a potential payout of $12(approx). Comparing the prices of STEEM on 23rd July($1.733) and on 27th July($1.261), the price drop percentage is 27%, which is a huge drop.

Can we hope for a rise in price??

This question is quite difficult to answer as once the price of STEEM was equal to $3 but it never reached that peak again. However, the price of STEEM was quite stable till now, its only today that it has dropped so bad. As far as I think it will rise to $1.7 (approx) in a few weeks or more but it will possibly rise. It is just a gut feeling and not a technical approximation. Let's hope for the best.