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RE: Steem Price Technical Analysis - Steem Continues to Fall, How Low will it Go?
Well, it was outlined in the previous posts by @dantheman and all. They are also getting fiat/btc to pay for developmet and stuff like that. Thing is to see the price fluctuations it is probably a good idea to monitor the power down by @steemit, and the trades. The rally would likely happen soon after it stops powering down.
True. Monitoring the @steemit power down could be wise, it makes sense that they are powering down for development too. Thanks for pointing that out @xanoxt.