![1000158047.png](https://cdn.steemitimages.com/DQma9j7d1FK3yfFqJ2UqtoQU5QzELBNTtB6Mb2xzM6WaRxB/1000158047.png) _{*Edit with Canva*}

Good evening, ***Steemians all***. Maybe you still remember some time ago my analysis of the *Steem token*, which could rebound as long as it can maintain a price position in the *0.18$ area*. After a few weeks after the review, right this September, the price of the *Steem token* fell to the *$0.15 price area*. This is so scary because it could potentially continue the decline again. Are you curious? Come on, let's review!

| The key level has been penetrated. | | ------------ |

In the [previous analysis](https://steemit.com/hive-150122/@gitshock.trading/the-dollar-index-strengthens-so-what-about-steem-tokens-let-s-go-out), the steem price was firmly holding at the *0.18 USD* level, and that is the key level in the steem token price. At that time, I was quite optimistic that the price of *steem would rebound again* at that level. ![1000158033.jpg](https://cdn.steemitimages.com/DQmUmNiaJQqacRNmBmtfQu6f73C9yBjvQeCncZpMHhTv2dS/1000158033.jpg) _{Screenshot from My TradingView Account} _{The key level in the week's timeframe has been broken. This is a red flag for the decline in the Steem token price.} Due to the historical price at that level, it has rebounded several times. However, this area has also been penetrated, making the *Steem token* price drop to around *0.14 USD*. It also happened again with the level being broken, which put the Steem token price at the *$0.15$ level* when I wrote this post.

| The area you should pay attention to is the Steem token price level. | | ------------ |

If you pay attention to the *current Steem token* price of around *0.15 USD* and want to accumulate it, I suggest you be patient first. Because there is a *psychological level* at the level of *0.14$ to 0.13$*. ![1000158034.jpg](https://cdn.steemitimages.com/DQmR9BDsxWdsFAHMnhSNBGhqDDbvaWr8YVrFxCWuafUWnLz/1000158034.jpg) _{Screenshot from My TradingView Account} _{The key level for the steem price is in the 0.14$ area, you can accumulate in that area if there is a price reaction.} In the past, this price area has been a strong reaction point twice and made the *steem price* rebound up to the 0.18$ level. That is, you can understand that the psychological level of the *Steem token price is 0.14$*. However, if this level is broken, then the biggest possibility will be *0.12$* , which is the next psychological level. However, in my view, it is likely that Steem will react strongly at that level until the end of September.

| Analyze on a smaller time frame. | | ------------ |

If you look at the picture below, the price of the Steem token has taken the inducement *(xxx)* and also swiped liquidity *(swipe $)*. ![1000158046.jpg](https://cdn.steemitimages.com/DQmVNN1CBbKJkoC6VgkmS4LePAR2nbiDPpTcbaCeMRa2xUQ/1000158046.jpg) _{Screenshot from My TradingView Account} This shows that the price is confirmed to continue its decline after swiping in the inducement area. So my advice is that you wait at the level I described above.

| Conclusion
| | ------------ |

On the one hand, the decline in the price of the *Steem token* is not good for those of us who are holding Steem tokens. However, by knowing more clearly that the steem token can still rebound as long as there is a reaction at the **0.14$** level. Therefore, at this time, you should wait and see the movement of *steem prices* and also crypto as a whole, especially since the amount of crypto market capitalization continues to decrease. Of course, this doesn't only impact the *Steem token*, but crypto as a whole. _{Hopefully this review will be useful for all my friends. If there are things you want to ask about this topic, please comment. You can comment below.} _{See you on the next review!}

![1000138435.png](https://cdn.steemitimages.com/DQmdDSQCXSfsYKwVxzvTcaUkc8h6WU6mX1vaJLstRGN4Ztk/1000138435.png) If you are interested in the world of cryptocurrency, blockchain and trading, you can follow my account.