$STEEM #AGAIN ⭐

STEEM/USDT Technical Analysis 📊

STEEM has shown notable movement in the past 24 hours, presenting potential trading opportunities. Here's a detailed analysis:

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Market Snapshot

Current Price: $0.2921

24H High: $0.3147

24H Low: $0.2764

24H Change: +0.34%

Technical Indicators

1. Moving Averages:

MA(5): $0.2906 indicates short-term support.

MA(10): $0.3026 signals a medium-term resistance point.

2. Volume Analysis:

STEEM volume is 90.16M, with USDT volume at 26.53M, showing strong interest.

3. RSI: RSI is hovering around neutral levels, suggesting the asset is neither overbought nor oversold.

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Predicted Targets 🎯

Target 1 (Short-Term): $0.3000

Minor resistance is observed at this level. If broken, the price could quickly rise further.

Target 2 (Medium-Term): $0.3150

Based on previous high, breaching this could lead to a breakout towards higher levels.

Target 3 (Long-Term): $0.3300

If STEEM sustains upward momentum, this target aligns with long-term resistance.

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Trading Strategy

Bullish Entry: $0.2850–$0.2900 for upward movement toward Target 1 and beyond.

Stop Loss: $0.2750 to manage risk if the price dips below 24H low.

Caution: Watch for market trends, as price volatility may increase.