STEEM USDT Steem Technical Analysis

Steem logo In this Steem technical analysis, we will examine the current price action, trading volume, key levels and indicators for STEEM-USDT. Sure, here are three sentences about Steem (STEEM) cryptocurrency: Steem is a blockchain-based social media platform that rewards users with cryptocurrency for creating and curating content. With a decentralized governance system, Steem enables community members to vote on proposals for the direction of the platform. By leveraging the power of blockchain technology, Steem provides a secure and transparent platform for users to share their ideas and creations.

Steem Price Overview:

As of October 03, 2023, Steem is trading at approximately 0.1765 USDT. Let’s dive into the detailed price action for STEEM-USDT:

Metric Value
Open (O) 0.1755
High (H) 0.18
Low (L) 0.1714
Close (C) 0.1765
Volume (C) 3,144,758.00
  • Open (O): The opening price for today’s trading session was approximately 0.1755 USDT.
  • High (H): Steem reached a daily high of around 0.18 USDT.
  • Low (L): The daily low for STEEM-USDT was approximately 0.1714 USDT.
  • Close (C): At the time of analysis, Steem is trading near its daily close of 0.1765 USDT.
Metric Value
1D Change (%) 0.51%
3D Change (%) 0.97%
7D Change (%) 4.75%
30D Change (%) 13.65%
90D Change (%) -2.86%
YTD Change (%) 21.72%

Over the past three days, STEEMUSDT has risen by approximately 0.97%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 4.75%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with STEEMUSDT maintaining an upward trend of approximately 13.65%, despite intermittent fluctuations. Examining the last 90 days, STEEMUSDT has witnessed substantial drop of approximately -2.86%, reflecting strong long-term confidence. Year-to-date, STEEMUSDT has steadily increased by around 21.72%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Steem Live Chart:

You can access a live price chart for STEEM-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.38048.
  • Momentum score is 0.13651.

STEEM USDT Technical Analysis

Steem Trading Volume:

The trading volume for Steem (STEEM) over the past 24 hours has been significant, with approximately 3,144,758.00 USDT traded against STEEM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): STEEM is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Steem is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for STEEM-USDT is currently in the neutral zone, around 53.25061. This suggests that Steem is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Steem (STEEM-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.