Market Overview for Steem/Tether (STEEMUSDT) – December 29, 2025

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 29, 2025 6:27 pm ET1min read
STEEM
--
Aime RobotAime Summary

- Steem/Tether rebounded from $0.0685 support, forming a bullish engulfing pattern after hitting a $0.003 range.

- RSI near oversold 28 and flattening MACD signal weakening bearish momentum amid volatile price swings.

- Afternoon volume surged during $0.0701–$0.0712 range, confirming retest of key resistance above $0.0705.

- 61.8% Fibonacci support at $0.0685 and 50-SMA resistance highlight critical levels for potential consolidation or breakout.

Summary
• Steem/Tether tested key support near $0.0685 before rebounding, forming a bullish engulfing pattern.
• RSI and MACD indicate easing bearish momentum, with RSI approaching oversold territory at 28.
• Volatility spiked mid-day, with Bollinger Bands widening as price swung between $0.068 and $0.071.
• Turnover increased sharply in late afternoon ET, confirming a retest of prior highs above $0.0705.

Steem/Tether (STEEMUSDT) opened at $0.0713, peaked at $0.0716, and closed at $0.0701, with a low of $0.068. Total volume reached 20,587,259.8, while turnover stood at $1,432,245.50 over the past 24 hours.

Structure & Moving Averages


Price formed a bullish engulfing pattern at $0.0685, suggesting potential reversal. The 20-period and 50-period moving averages on the 5-minute chart showed a narrowing gap, signaling a possible consolidation phase. Daily chart 50/200 SMA crossovers remain bearish, but the recent rally may test the 50-SMA as resistance.

Momentum and Indicators



MACD showed a bearish crossover followed by a flattening, hinting at weakening downward pressure. RSI dipped into oversold territory near 28, suggesting possible near-term support. The 20-period Bollinger Bands widened in the late afternoon, indicating rising volatility as price swung within a $0.003 range.

Volume and Turnover Dynamics


Volume surged during the $0.0701–$0.0712 price range, especially in the afternoon and early evening. Turnover increased in line with the price action, suggesting strong participation during the retest of key resistance. No significant divergence between price and turnover was observed.

Fibonacci and Key Levels


The $0.0685 level acted as strong support, aligning with a 61.8% Fibonacci retracement of the prior 5-minute swing. A break above $0.0705 could target the 38.2% level at $0.0712, while a drop below $0.0685 may extend the correction toward $0.0675.

The price may continue to consolidate around $0.0705, with momentum indicators suggesting a potential bounce. Investors should watch for a breakout or breakdown in the next 24 hours, as volatility remains elevated. As always, positions should be managed carefully in a high-volatility environment.