Steem price prediction :
The latest Steem/STEM coin price is $0.2092326. It is down -3% in the last 24 hours. 48.46% of days, STEEM price closed above the opening. The highest price recorded in our database for one STEEM is $7.34, it was 5 years and 3 months ago, the price is currently 97.15% below this high.
👉Out of a total of 17 technical indicators, 3 call calls and 11 sell calls, based on short-term price technical analysis, the expected sentiment is bearish. The first major upside resistance for STEEM is at $0.2124468, it needs to close above this level to move higher, and negative support is at $0.1889985. So if the price breaks below $0.1889985, we can see a further decline in the price. On the other hand, if it can close above the $0.2124468 level, it may move to the next resistance level at $0.2730602.
👉The 14-day Relative Strength Index (RSI) stands at 43.64 which represents normal conditions, which means the market is neither oversold nor overbought at the moment.
👉On the daily chart, the exponential moving averages are showing bearish signals. Steem price is currently below all moving averages.
👉Historically, on the last day of April, STEEM was above the opening price 5 out of 8 times, and the price was below the price 3 out of 8 times at the beginning of the month. April has been the best month for Steem in the last eight years, as the price of STEEM at the end of April was five times higher than the price at the beginning of the month. The worst month is September, seven times out of 8, the price at the end of September was lower than the opening price. Check monthly performance for more details.
👉Steem had two bull runs, the first ATH was in July 2016, and Steem quickly reached $4.93 after 242.04 days. It took almost a year to arrive. 2021 was the last wave to hit a new all-time high, and STEEM failed to reach the previous high and the price range was recorded at $1.38. The last time it took STEEM to reach new highs was 538 days.
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