$STEEM

/USDT Technical Analysis

STEEM has shown strong bullish momentum over the past 24 hours, gaining +15.74% and currently trading at $0.2294. Let’s break down the key indicators:

Key Levels

Resistance: $0.2500 (near-term target for bulls)

Support: $0.2200 (a critical level to watch for stability)

24h Price Range:

High: $0.2744

Low: $0.1982

Volume Insights

STEEM's 24h trading volume hit 200.84M STEEM, equivalent to $46.98M USDT, reflecting growing interest among traders.

Technical Indicators

RSI: Approaching overbought levels, signaling potential cooling or a breakout.

Moving Averages: STEEM remains above the 15m and 1h moving averages, indicating a strong upward trend.

Market Sentiment

The recent surge suggests rising buying pressure as traders react to STEEM’s strong performance. If STEEM breaks the $0.2500 resistance, the next potential target could be $0.2750.

What’s Next?

Watch for consolidation or a possible pullback around $0.2200.

A breakout above $0.2500 could signal another bullish leg.

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