STEEM SURGES THROUGH RESISTANCE đđ
STEEM broke the $0.06707 resistance with a decisive bullish candle, driven by a 3âfold volume spike that pushed 24âhour turnover past $2.5âŻM. The breakout coincided with a clear orderâblock breach around the $0.06209 midârange, suggesting institutional accumulation is reâentering the altcoin lane. Buyers have anchored the $0.05705 support, turning it into a firm floor as shortâsqueeze pressure intensified. The price now sits at $0.06472, still 9.8% higher on the day đ„
The momentum curve remains steep, with the $0.06741 high acting as the next hurdle. A retest of that level could cement a new swingâhigh and open the path toward $0.0700, a psychological barrier that aligns with the prior weekly high. Should $STEEM hold above $0.06707, the market depth indicates a low likelihood of immediate reversal, giving the rally continuation odds a bullish tilt đ. Watch for a pullâback to $0.0625 as a potential stepping stone.
DYOR
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#STEEM #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
STEEM broke the $0.06707 resistance with a decisive bullish candle, driven by a 3âfold volume spike that pushed 24âhour turnover past $2.5âŻM. The breakout coincided with a clear orderâblock breach around the $0.06209 midârange, suggesting institutional accumulation is reâentering the altcoin lane. Buyers have anchored the $0.05705 support, turning it into a firm floor as shortâsqueeze pressure intensified. The price now sits at $0.06472, still 9.8% higher on the day đ„
The momentum curve remains steep, with the $0.06741 high acting as the next hurdle. A retest of that level could cement a new swingâhigh and open the path toward $0.0700, a psychological barrier that aligns with the prior weekly high. Should $STEEM hold above $0.06707, the market depth indicates a low likelihood of immediate reversal, giving the rally continuation odds a bullish tilt đ. Watch for a pullâback to $0.0625 as a potential stepping stone.
DYOR
Follow for Updates
#STEEM #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare