$STEEM Faces Pressure 🔻

#STEEMUpdate 📉

$STEEM/USDT is trading at $0.2167, posting a significant -8.72% decline in the past 24 hours, signaling bearish sentiment in the market.

Key Levels to Watch

Support Zone: $0.2100

Resistance Level: $0.2300

Technical Indicators

RSI: Dropping below 40, indicating increasing selling pressure.

Volume: Declining, suggesting reduced trader interest or caution.

Price Outlook

If the price holds above $0.2100, it may stabilize and bounce back toward $0.2300. However, a break below this support could lead to further declines, targeting $0.2000.

Current Price: $0.2167 (-8.72%)

Caution is advised in the current downtrend. Look for confirmation before entering new positions!