If it breaks through the support level, it's a really bad sign. I think the price will be for some time in the consolidation area. The price has to break the key resistance before we can confirm a bullish trend.
I see this price as a really good buying opportunity. Longer term I see STEEM taking off like a rocket. I do believe that it is well within reason that STEEM reaches $10-15 or highere by year end.