#STEEM /USDT has experienced a -9.19% drop in the last 24 hours, offering a potential opportunity for traders to capitalize on price fluctuations within the blockchain-based social media space. Let’s take a closer look at the current market conditions:

Key Market Data

Current Price: $0.2194

24h High: $0.2444

24h Low: $0.2182

24h Trading Volume:

$STEEM : 28.05M

USDT: $6.44M

Technical Analysis

Resistance Levels:

Immediate Resistance: $0.2414

Strong Resistance: $0.2538

Support Levels:

Immediate Support: $0.2182

Critical Support: $0.2165

$STEEM ’s price has retraced from its 24h high, with significant downward movement in the past day. This drop could present potential entry points for traders seeking to catch a rebound, especially around key support zones.

What’s Next for $STEEM ?

A move above $0.2414 could target the $0.2538 resistance level.

Watch for a potential price bounce near $0.2182 or $0.2165, where support could lead to a recovery.

The ongoing developments in the blockchain and social media sectors could drive interest in STEEM’s ecosystem.

💡 Conclusion: STEEM is currently undergoing a correction, but the market’s interest in blockchain-based content creation platforms may fuel a recovery. Keep an eye on support levels for potential buying opportunities.

#GrayscaleHorizenTrust #BinanceLabsBacksUsual #BinanceLaunchpoolBIO #Write2Earn