Market Overview for Steem/Tether (STEEMUSDT): 24-Hour Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 17, 2026 6:02 pm ET1min read
STEEM
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Aime RobotAime Summary

- STEEMUSDT rebounded from key 0.07 support to a 24-hour high of 0.0720 amid strong bullish reversals.

- Volume surged 391k units after 0:30 ET, driving a 2.5% rally toward 0.0719 resistance with aligned price-volume correlation.

- A bullish engulfing pattern at 0.0712-0.0716 and expanding volatility through Bollinger Bands suggest potential continuation or breakout.

- RSI/MACD show moderate upward momentum without overbought conditions, but traders must monitor 0.0716 level to avoid retesting 0.07 support.

Summary
•

STEEMUSDT
tested and held key support at 0.07 before rebounding to a 24-hour high of 0.0720.
• Volume spiked after 0:30 ET, coinciding with a 2.5% rally toward 0.0719.
• A bullish engulfing pattern formed at 0.0712–0.0716, indicating potential short-term momentum.
• RSI and MACD show moderate bullish momentum, but no overbought conditions.
• Volatility has expanded through Bollinger Bands, suggesting continuation or breakout risk.

Steem/Tether (STEEMUSDT) opened at 0.0703 on January 16 at 12:00 ET, reached a high of 0.0720, fell to a low of 0.0700, and closed at 0.0706 on January 17 at 12:00 ET. Total volume was approximately 4.77 million, with a notional turnover of $323,270 over 24 hours.

Structure & Support/Resistance


The pair found strong support at 0.07, bouncing with multiple bullish reversals. Resistance emerged at 0.0719, where volume began to wane. A key consolidation zone formed between 0.0712 and 0.0716, marked by a bullish engulfing pattern and repeated close attempts to break above.

Trend and Momentum



Momentum has improved, with both RSI and MACD suggesting a shift in direction. The 5-minute 20-period EMA rose from 0.0705 to 0.0712 over the session, suggesting upward bias. However, RSI remains below overbought territory, limiting near-term upside projections.

Volatility and Bollinger Bands


Volatility increased steadily after midnight ET, with price moving outside the upper Bollinger Band for several hours. A contraction in band width at 18:00–19:00 ET preceded the late-night breakout, suggesting a possible continuation of the current upward trend.

Volume and Turnover Insights


Volume surged sharply after 0:30 ET, reaching peaks near 391k units, coinciding with a rally toward 0.0719. Turnover also increased in tandem, with a strong correlation between price and volume during the breakout. No divergences were observed, indicating alignment between price action and market interest.

Fibonacci Retracements


Key retracements were observed between the 0.0700 low and the 0.0720 high. A 38.2% retracement level at 0.0713 showed strong activity, while the 61.8% level at 0.0716 acted as a short-term ceiling and pivot point for traders.

STEEMUSDT appears to be building momentum above its 0.0713 support, with a potential target near 0.0719. However, a drop below 0.0710 could trigger a retest of the 0.07 level. Investors should remain cautious of increased volatility and watch for a possible reversal if the 0.0716 level fails to hold.