March 8, 2025 STEEM Daily Analysis STEEM Daily Analysis
STEEM Daily Analysis
Outlook
STEEM current price is 0.1387 USDT and the current market cap is 700.889 USDT. This chart period started 210 days ago (11 August 2024) with a total of 102 days closing above the opening price and 108 days closing below the opening price. The lowest price was 0.1274 USDT on 04 March 2025, and the highest price was 0.3818 USDT on 29 December 2024. The current price is 8.87% above the lowest price and 63.67% below the highest price.
Moving Average
Moving Averages (Closing Prices):5-Day Moving Average: 0.1408822-Day Moving Average: 0.157950-Day Moving Average: 0.179738100-Day Moving Average: 0.221431250-Day Moving Average: 0.1978244500-Day Moving Average: 0.2292298
Moving Average Analysis
The current price is %1.55 lower than the 5-Day moving average and has been below it for 2 days.The current price is %12.16 lower than the 22-Day moving average and has been below it for 6 days.The current price is %22.83 lower than the 50-Day moving average and has been below it for 20 days.The current price is %37.36 lower than the 100-Day moving average and has been below it for 41 days.The current price is %29.89 lower than the 250-Day moving average and has been below it for 36 days.The current price is %39.49 lower than the 500-Day moving average and has been below it for 43 days.
Trends
The longest uptrend in the 210 day period is 8 days. It started at 0.1496 USDT on 04 November 2024 and ended by increasing by 33.89% to 0.2003 USDT on 12 November 2024.The longest downtrend is 8 days. It started at 0.1925 USDT on 24 August 2024 and ended by decreasing -19.48% to 0.155 USDT on 01 September 2024.
Support & Resistance
This review was made for the last 7 daysLast 7 days support levels: Support: 0.14 USDT on 03-03-2025 Support: 0.1274 USDT on 04-03-2025 Support: 0.1341 USDT on 07-03-2025Last 7 days resistance levels: Resistance: 0.1632 USDT on 03-03-2025 Resistance: 0.1444 USDT on 05-03-2025 Resistance: 0.1472 USDT on 06-03-2025The lowest support level is 0.1274 USDT on 04-03-2025, and the highest resistance level is 0.1632 USDT on 03-03-2025. The percentage difference between these levels is approximately 28.1%.
Volume
The previous trading day’s volume (07-03-2025) 5,782,918.80 USDT. Highest volume in the last 210 days is 293,537,987.30 USDT on 08-01-2025. Lowest volume in the last 210 days is 346,255.40 USDT on 08-03-2025. Difference between highest and lowest volume is 84674.99%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 8,680,685.74 USDT22-day Moving Average Volume: 12,677,958.89 USDT50-day Moving Average Volume: 19,362,164.50 USDT100-day Moving Average Volume: 36,362,454.89 USDT250-day Moving Average Volume: 18,590,832.48 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 5,782,918.80 USDT
Previous day’s volume is 33.38% lower than the 5-day moving average.Previous day’s volume is 54.39% lower than the 22-day moving average.Previous day’s volume is 70.13% lower than the 50-day moving average.Previous day’s volume is 84.10% lower than the 100-day moving average.Previous day’s volume is 68.89% lower than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is -31.53% lower than the 22-day moving average.22-day moving average is -34.52% lower than the 50-day moving average.50-day moving average is -46.75% lower than the 100-day moving average.100-day moving average is 95.59% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 08-11-2024 with a volume of 4,250,028.50 USDT and ended on 13-11-2024 with a volume of 112,132,966.80 USDT, lasting for 5 days and representing a 2538.41% increase.The longest consecutive volume decrease started on 13-11-2024 with a volume of 112,132,966.80 USDT and ended on 18-11-2024 with a volume of 7,255,528.70 USDT, lasting for 5 days and representing a 93.53% decrease.
Price Volume Coorelation
During the longest volume increasing period price increase from 0.1776 USDT to 0.1958 USDT, which represents a 10.25% change.During the longest volume decreasing period price increase from 0.1958 USDT to 0.2174 USDT, which represents a 11.03% change.
Strategy
Under sales pressure, we should observe where the decline will end and then reassess. Currently, we do not recommend opening a ‘long’ position.
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
