$STEEM /USDT trading pair on a 15-minute timeframe.
1. Price Action:
The price is at $0.2230, up by +14.30% in the last 24 hours.
The 24-hour high is $0.2744, and the low is $0.1898.
2. Volume Surge:
There's significant trading activity, with 146.51M traded (equivalent to $34.81M USDT).
3. Technical Indicators:
Bollinger Bands: The price dropped from the upper band ($0.2682) and is consolidating around the midline ($0.2342).
Momentum: The Williams %R indicator is at -74.8, indicating a reversal from oversold conditions.
Moving Averages (MA):
MA(5): 1,868,561.9 (showing short-term resistance).
MA(10): 2,743,414.2 (providing support below).
Thrilling Outlook:
The price may rebound after this consolidation phase, but watch for resistance near $0.2342 (midline of Bollinger Bands).
If the momentum sustains, the next upside target could be around $0.26-$0.27.
Let's Get $STEEM