Market Overview for Steem/Tether (STEEMUSDT) as of 2025-12-30

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Dec 30, 2025 6:24 pm ET1min read
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Aime RobotAime Summary

- STEEM/USDT tested 0.0724 resistance but failed, closing at 0.0692 amid bearish rejection confirmed by high volume.

- RSI below 50 and contracting Bollinger Bands signal sustained bearish momentum with potential volatility expansion.

- Descending channel and Fibonacci 61.8% level (0.0699) highlight key support near 0.0691-0.0695 for possible short-term bounce.

- Increased turnover during declines and bearish MA crossovers reinforce continuation risk in the near-term bearish trend.

Summary
• Price tested key resistance at 0.0724 but failed to hold above 0.0716, retreating to 0.0692 by close.
• Volume surged near 0.072, confirming bearish rejection and confirming lower lows.
• RSI remains below 50, suggesting bearish momentum with potential oversold conditions near 0.0691.
• Bollinger Bands show recent contraction, pointing to possible volatility expansion.
• 24-hour turnover rose amid descending trend, indicating bearish continuation risk.

Market Overview


Steem/Tether (STEEMUSDT) opened at 0.0705 on 2025-12-29 at 17:00 ET and closed at 0.0692 by 12:00 ET on 2025-12-30. The pair traded between 0.0705 and 0.0724, with total volume of 11,841,833.9 and turnover of 834,550.99 USDT in the 24-hour window.

Structure & Formations


Price action highlighted a bearish rejection from the 0.0724 level, where a large bearish candle formed after a brief attempt to rally. This suggests that resistance at 0.0724 is strong and could continue to cap upward movement. A descending channel is forming, with support levels emerging around 0.0692–0.0695. A long lower shadow at the 0.0692 close indicates potential support near this range.

Moving Averages and Momentum


Short-term (20/50-period) moving averages on the 5-minute chart crossed bearishly during the 23:00–00:00 ET window, reinforcing the bearish trend. On the daily chart, the 50-period MA is approaching the 100-period MA from below, signaling a weakening upward bias. The RSI remains below 50, consistent with bearish momentum, though it is approaching oversold territory (around 30), which could trigger a short-term bounce.

Bollinger Bands and Volatility


Bollinger Bands showed a notable contraction between 02:00–04:00 ET, followed by a breakout to the downside. Price remains below the 20-period lower band, indicating weak volatility and bearish pressure. The recent expansion of bands suggests that volatility may continue to rise in the near term, but the direction appears to favor the downside.

Volume and Turnover


Volume surged near the 0.072–0.0724 level, particularly during the 23:00–00:30 ET window, which coincided with the rejection of the 0.0724 resistance. This bearish confirmation reinforces the idea that the 0.0724 level is a key psychological and technical barrier. Turnover increased in tandem with price declines, especially between 03:00–05:00 ET, suggesting continued selling pressure and bearish conviction.

Fibonacci Retracements

Fibonacci retracement levels from the recent high of 0.0724 to the low of 0.0691 suggest key levels to watch: 38.2% at 0.0709 and 61.8% at 0.0699. Price currently rests near the 61.8% level, with potential to test the 0.0691–0.0684 range if the bearish trend continues.

Market may remain bearish in the short term, with a possible bounce from the 0.0691–0.0695 support zone. Investors should remain cautious for volatility expansion and watch key levels for confirmation of a trend reversal.