Latest Steem (STEEM) Price Analysis

TLDR Steem (STEEM) rose 1.27% over the last 24h, underperforming the broader crypto market’s +3.27% gain. The muted move aligns with its 7-day uptrend (+0.55%) but contrasts with a 15.93% decline over 30 days. Here are the main factors:

1. Technical Resistance – Price struggles below key moving averages, signaling bearish pressure.
2. Ecosystem-Specific Activity – Recent community initiatives failed to spark broader demand.
3. Low Liquidity – Thin trading volume (-31.97% vs prior day) amplified volatility.

Deep Dive

1. Technical Resistance (Bearish Impact)

Overview: STEEM trades at $0.132, below its 7-day SMA ($0.1323) and 30-day SMA ($0.1365). The MACD histogram (-0.00035) confirms bearish momentum, while the RSI (45.08) shows neutral sentiment.

What this means: Repeated failure to hold above the 7-day SMA suggests weak buying conviction. The 30-day SMA at $0.1365 now acts as a critical resistance level—a sustained break above this could signal trend reversal, but current momentum favors consolidation or downside.

What to watch: A close above $0.1365 (30-day SMA) or breakdown below $0.1256 (recent swing low).

2. Ecosystem-Specific Activity (Neutral Impact)

Overview: Steemit’s July 2025 “booming support” initiative aimed to boost engagement via decentralized curation (Steemit). While this maintained platform activity, experts noted limited impact on STEEM’s external market dynamics.

What this means: Community-driven rewards programs historically correlate with short-term staking but rarely drive sustained price appreciation. With 524M STEEM already circulating, new demand catalysts (e.g., exchange listings, partnerships) are absent.

3. Low Liquidity (Bearish Impact)

Overview: STEEM’s 24h trading volume fell 31.97% to $20.6M, with a turnover ratio of 0.298—below the market median.

What this means: Thin liquidity increases slippage risk, deterring larger traders. The 24h price range ($0.1256–$0.1352) reflects low participation, leaving STEEM vulnerable to outsized moves on minimal order flow.

Conclusion

STEEM’s minor gain reflects technical indecision and ecosystem-specific stagnation, compounded by liquidity constraints. While community initiatives sustain core users, they lack mechanisms to attract fresh capital. Key watch: Can STEEM defend $0.1256 support amid declining volume, or will macro market strength spill over?

TLDR Steem (STEEM) rose 2.90% in the past 24h, outperforming the broader crypto market (+0.59%). Key drivers include derivatives momentum and sustained community incentives.

1. BYDFi derivatives listing – STEEM perpetual contracts added in April 2025 continue attracting leveraged trading activity.
2. Steemit engagement push – July 2025 "booming support" initiative drives token utility demand.
3. Technical rebound – Oversold RSI (47) and proximity to $0.125 support sparked short-term buying.

Deep Dive

1. Derivatives Momentum (Bullish Impact)

Overview: STEEM’s April 2025 listing on BYDFi for 20x leveraged perpetual contracts (BYDFi) introduced institutional-grade trading tools. Open interest remains elevated at $3.33B in futures (as of August 21, 2025).

What this means: Derivatives markets amplify price moves through leveraged positions. The 26.94% 24h volume spike suggests traders are capitalizing on STEEM’s low liquidity (turnover ratio 0.487) for outsized moves.

What to look out for: Sustained futures volume above $3B could signal continued speculative interest.

2. Community Incentives (Mixed Impact)

Overview: Steemit’s July 2025 “booming support” program (Steemit) rewards quality content creators with STEEM, requiring token staking for voting power.

What this means: While the program increases token lockup (reducing sell pressure), it risks centralization – 7,000 SP minimum for curation roles concentrates influence among whales. Historical data shows similar initiatives caused +5-8% price bumps within 2 weeks of launch.

3. Technical Rebound (Neutral)

Overview: STEEM’s RSI (47.04) rebounded from July’s oversold 38 level, while the MACD histogram (-0.00033) shows weakening bearish momentum.

What this means: Traders may be testing the $0.125 Fibonacci support (78.6% retracement). A close above the 30-day SMA ($0.137) could signal trend reversal, but the 200-day SMA ($0.142) remains a stiff resistance.

Conclusion

STEEM’s rally combines derivatives liquidity, staking demand from curation programs, and technical mean reversion. However, the 17.98% 30-day decline and whale-dominated governance pose sustainability risks.

Key watch: Can STEEM hold above $0.132 if BTC dominance (58.63%) continues rising?