Steem Dollars spike over 106%, highlighting resurgent interest in stablecoin rewards ecosystem
Steem Dollars Surge: Steem Dollars (SBD), the stablecoin of the Steem blockchain, has experienced a price increase of over 106%, drawing attention to its role in the decentralized content platform and highlighting its market cap of approximately $47.5 million.
Future Implications: The recent rally raises questions about the stability of SBD, as its value is intended to remain close to 1 USD; analysts are monitoring whether this surge indicates sustainable growth for the Steem ecosystem or if it is merely speculative trading.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for STEEM
Technical Sentiment Analysis for Steem (STEEM) As of , Steem (STEEM) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STEEM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STEEM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Steem (STEEM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.015 | 0.0295 | 0.0415 | 0.056 | 0.068 | 0.0825 | 0.0945 |
| Fibonacci | 0.0295 | 0.0396 | 0.0459 | 0.056 | 0.0661 | 0.0724 | 0.0825 |
About STEEM
About the author








