Market Overview for Steem/Tether (STEEMUSDT) – November 11, 2025

Summary
• STEEMUSDT opened at $0.0841 and closed at $0.0876 with a 24-hour high of $0.0975 and a low of $0.0837.
• Price surged in the late morning before consolidating mid-day, with volume peaking at $6,234,329.50 at 14:00 ET.
• Momentum indicators showed overbought conditions in the morning, followed by bearish divergence in the afternoon.

Market Overview for Steem/Tether (STEEMUSDT)

Steem/Tether (STEEMUSDT) opened at $0.0841 on November 10, 2025 at 12:00 ET, and closed at $0.0876 at 12:00 ET on November 11, 2025. The pair traded between a low of $0.0837 and a high of $0.0975, with total volume of 6,234,329.50 and a notional turnover of approximately $543,816.60.

The 15-minute chart revealed a bullish breakout in the late morning session, marked by a strong Bullish Engulfing pattern around $0.0861. Price action suggested growing optimism, though afternoon divergence in RSI and MACD suggested potential exhaustion.

Structure & Formations

Key support levels were identified around $0.0842 and $0.0837, while resistance emerged at $0.0861 and $0.0882. A strong Bullish Engulfing pattern formed between 14:00 and 14:15 ET, signaling a potential reversal from bearish to bullish momentum. The session also saw a large bearish candle at $0.0959–$0.0876, indicating a potential exhaustion of buyers and a risk of pullback.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the morning, reinforcing bullish momentum. However, the 50-period MA began to lag behind the price by the afternoon, suggesting weakening momentum. On the daily chart, STEEMUSDT traded above the 50-period MA but below the 200-period MA, indicating a mixed bias between short-term strength and long-term bearish pressure.

MACD & RSI

The MACD crossed into positive territory early, confirming the morning rally. However, by 14:00 ET, the histogram began to shrink, suggesting divergence. The RSI hit an overbought level of 69.5, followed by a sharp drop to 46 by 15:45 ET, indicating possible exhaustion and a potential pullback into neutral territory.

Bollinger Bands

Price broke out of a tight Bollinger Band contraction in the morning and traded above the upper band until midday. By late afternoon, price had retracted into the middle band, indicating reduced volatility and potential consolidation. The width of the bands expanded during the morning breakout but narrowed again in the final hours, suggesting uncertainty and a potential consolidation phase.

Volume & Turnover

Volume surged at 14:00 ET, coinciding with the breakout above $0.0861. Turnover spiked at $543,816.60 during this period, confirming the strength of the move. However, by 16:00 ET, volume had dropped significantly, and the price had not sustained the breakout, suggesting potential reversal risk. Divergence between price and volume was observed in the final hours of the session, which may signal weakening conviction.

Fibonacci Retracements

The 15-minute retracement showed price testing the 61.8% level at $0.0861, which was rejected, followed by a retest of the 38.2% level at $0.0855. Daily retracement levels suggested that $0.0848 (38.2%) and $0.0839 (61.8%) could serve as potential support. If STEEMUSDT breaks below $0.0839, it could target the $0.0828 level.

Backtest Hypothesis

A backtest of the Bullish Engulfing pattern using a 3-day holding period showed poor performance, with a total return of -48.05% and a maximum drawdown of 51.61%. This suggests that the pattern alone is insufficient to generate a reliable edge in STEEMUSDT. Negative returns and a poor Sharpe ratio indicate weak risk-adjusted performance. The strategy would benefit from tighter filters, such as volume thresholds or RSI oversold conditions, to avoid entering during bearish phases. Adding stop-loss or take-profit levels could also improve risk control.

Over the next 24 hours, STEEMUSDT may test the $0.0842 support level or attempt a retest of the $0.0861 resistance. A break below key support levels could trigger further volatility. Investors should remain cautious of divergences in momentum indicators and watch for confirmation in volume and price alignment.