Steem on a road to $0.5? Or $0.8

Steem has been on a roll since last week, moving up more than 25% within a week period.

The chatters I've been hearing around is the fact that steem SMTs is supposed to launch. Its been hyped since last year and now its happening. With the increasing price, more people have been coming back to steem to check on their acc and all. Its quite amazing whats happening.

While it seems quite impossible right now, I hope steem can hit between $0.6 to 0.7 within the next 2 weeks, a move like that would really bring back confidence in steem again.

My personal analysis on steem is somewhere around $0.5 for the next couple of weeks.
We broke the resistance around $0.4-0.42 and if we can stay above it for an extended period of time, then we can hopefully have a good support base for the move to $1.

A move of bitcoin to $4500 would mean that steem has the capacity to reach $0.8 ......

This is not financial advice and just crude analysis, if anything, steem could end up going down back to $0.3