The spike I briefly noted yesterday seems to be more consistent. These screenshots were taken a couple of hours ago (since then, the spike seems to have been plateaued, for now).
First of all, Coinmarketcap shows a very significant volume, almost three times bigger than the last month peak:
On Huboi Pro the price recovered the losses of the last two weeks, reaching the level from between June 13th - Jun 20th.
But we have to put this in perspective: the last 24 hours volume is almost insignificant, compared with what we had at the end of May, or at at the end of April:
That means the market is still very fragile, and even small volumes can move the price a lot. It may also mean that this might just the beginning of a stronger move, and we may see even more volume flowing in, in which case the price may likely go even higher.
Although I'm overall highly bullish on STEEM, I will keep a cautious eye on these developments.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me .
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