📈 $STEEM /USDT Technical Analysis – Bullish Surge in Progress!

Current Price: $0.3186 (+19.91%)

24h High: $0.3818

24h Low: $0.2513

24h Volume: 281.17M STEEM ($84.40M USDT)

Price Action:

$STEEM /USDT has experienced an impressive 19.91% increase in the last 24 hours, currently trading at $0.3186. The price has recently tested a high of $0.3818, and bulls are showing strong momentum in driving the price upwards.

Support Levels:

Primary Support: $0.2594 – This level could provide support if the price retraces. A bounce from here would indicate continued bullish sentiment.

Secondary Support: $0.1937 – A deeper pullback to this zone could offer solid entry points for long positions as the bulls continue their upward drive.

Resistance Levels:

Primary Resistance: $0.3818 – The current high, which represents a key resistance level. A breakout above this could propel the price higher towards $0.3908.

Upper Resistance: $0.3908 – If the price continues its bullish trend, this level will be the next target for traders looking for gains.

Indicators:

Volume: The significant increase in volume highlights the strong interest and market participation, supporting the bullish trend.

Momentum: With the sharp rise in price and volume, the momentum is clearly bullish. A break above $0.3818 will further solidify the upside potential.

Outlook:

STEEM is in a strong bullish phase, having surged significantly. The next major hurdle is the resistance at $0.3818. If the price can break through this, further gains towards $0.3908 are likely.

👉 Keep an eye on these key levels as STEEM continues its bullish push. Trade STEEM/USDT now on Binance!

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