Steem (STEEM)

​Price: $0.230 | Sentiment: Neutral-Accumulation

​My apologies! I was so focused on getting that clean chart for you that the briefing got left behind. Here is the technical breakdown to match the chart:

​📰 News: Steem is seeing a slight uptick in social activity as new Smart Media Tokens (SMTs) developments are being tested on the staging network. This is aimed at improving content monetization for creator-led dApps on the ecosystem.

​🧠 Analysis: STEEM is currently in a high-squeeze consolidation phase. On the daily chart, it's bouncing off a long-term ascending support line. The EMA 50 and EMA 200 are converging, which usually precedes a massive volatility spike (the "Apex" of the wedge).

​🎯 Levels:

​Support: $0.210 (Macro Floor) | $0.225 (Immediate)

​Resistance: $0.250 (The breakout trigger) | $0.330 (Target 1)

​STEEM/USDT Technical Deep-Dive:

Chart Takeaways:

1.The Wedge: As seen in the candles, the price is being squeezed between a horizontal resistance at $0.250 and an rising support line.

2.RSI Check: RSI is hovering at 48.5. It is perfectly neutral—neither overbought nor oversold—meaning there is plenty of room for a 20-30% move once the breakout occurs.

Volume: Volume has been drying up (typical for a consolidation). Watch for a sudden "God candle" with high volume to confirm the $0.250 flip.