Market Overview for Steem/Tether (STEEMUSDT) – December 24, 2025

Summary
• Price tested key resistance at 0.0635–0.0636 but failed to break through, ending near 0.0628.
• Volatility increased during midday ET, with a peak in turnover around 20:45 ET.
• A bearish divergence appeared in RSI during the final 5 hours of the session.
• Bollinger Bands widened after a period of consolidation, signaling potential breakout or breakdown.
• Volume was uneven, with a sharp spike at the end of the session but weak price follow-through.

Market Overview

Steem/Tether (STEEMUSDT) opened at 0.0631 on December 23 at 12:00 ET, reaching a high of 0.0641 and a low of 0.0625, closing at 0.0628 by 12:00 ET the next day. Total volume over the 24-hour window was 2,105,770.0 and turnover was 132.42 (value in USDT).

Structure & Patterns

The pair tested the 0.0635–0.0636 range multiple times, with a bearish reversal forming after 20:30 ET. A small bearish engulfing pattern emerged at the end of the session, suggesting short-term selling pressure. The 0.0635 level continues to act as a strong resistance, while 0.0628 appears to be forming short-term support. A doji formed at the end of the session, signaling indecision in market sentiment.

Moving Averages and Momentum

On the 5-minute chart, price closed below the 20 and 50 EMA, confirming a bearish bias. RSI declined from overbought territory (~70) to ~45 by session close, indicating waning momentum. MACD turned negative, reinforcing the downward trend. On the daily chart, price is below all major EMAs (50, 100, 200), pointing to continued bearish pressure in the short term.

Volatility and Bollinger Bands

Bollinger Bands contracted between 19:00–20:00 ET, followed by a sharp expansion. Price traded near the lower band for most of the session but briefly touched the upper band during a failed rally. The widening of the bands reflects increasing volatility, with a potential for a directional move ahead.

Volume and Turnover

Volume was uneven, with a significant spike in the last two hours before the close (22:00–00:00 ET), but price failed to follow through. Notional turnover reached a 24-hour peak of ~3.2 USDT at 20:45 ET. A divergence emerged between falling price and rising volume in the final 5 hours, signaling potential exhaustion in the bearish move.

Fibonacci Retracements

The most recent 5-minute swing from 0.0625 to 0.0641 saw a retest of the 61.8% Fibonacci level at 0.0633, which held. On the daily chart, the 61.8% retracement level from a recent higher swing (~0.0645) is at ~0.0628, which aligns with the current price level, suggesting potential consolidation ahead.

Looking ahead, the next 24 hours may see continued testing of the 0.0628 support level, with a potential break and retest expected. Traders should remain cautious about short-term volatility and potential false breakouts. If support at 0.0625 is breached, a retest of the 0.0620 level could follow.