The price of steem has been going down for a long time, it done a double bottom. I really believe that the price of this will hit 30cents before it goes up again. There is not enough buy support and EVERYBODY even the whales are dumping all their coins.
Steemit needs to change a few things before we can see a move up again.
RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis / Market Report Update #49, "Find the door to the promised land" Sept 18, 2016