Latest Steem (STEEM) Price Analysis

By CMC AI
19 February 2026 03:54AM (UTC+0)
TLDR

Steem is down 18.5% to $0.05301 in 24h, sharply underperforming a broadly weaker crypto market, primarily driven by intense selling pressure and a lack of buy-side support.

  1. Primary reason: High-volume capitulation, with a 60% surge in trading volume indicating strong selling conviction and potential leveraged position unwinding.

  2. Secondary reasons: No clear coin-specific catalyst was visible in the provided data; the move looks more consistent with a severe underperformance versus a stagnant broader market.

  3. Near-term market outlook: If selling volume subsides and Steem holds above $0.05, a consolidation is likely; a break below risks a drop toward the yearly low. Watch for a stabilization in Bitcoin to provide a floor.

Deep Dive

1. High-Volume Selling Pressure

Overview: Steem's 24-hour trading volume surged 60.36% to $68.57 million amidst the price drop. A high turnover ratio of 2.4 signals intense trading relative to its market cap, often pointing to capitulation or the unwinding of leveraged positions. What it means: The market is experiencing high liquidity but with overwhelming sell-side pressure, suggesting a lack of immediate buy support at current levels.

2. No Clear Catalyst & Market Underperformance

Overview: No specific news or social catalyst for Steem was found in the data. While the total crypto market cap fell 1.3% and Bitcoin dropped 1.12%, Steem's 18.5% plunge represents a severe underperformance (beta check: Low strength). What it means: The drop appears driven by internal market dynamics—likely concentrated selling—rather than a reaction to external news or simply tracking Bitcoin.

3. Near-term Market Outlook

Overview: The key level to hold is the psychological support at $0.05. If Steem stabilizes here with reduced volume, it may consolidate between $0.05 and $0.06. The main trigger for a potential bounce is a reduction in the high selling volume and a broader market recovery, as signaled by Bitcoin holding above $66,000. What it means: The trend is bearish, but the high-volume drop could exhaust sellers, setting up for a potential stabilization. Watch for: A close below $0.05 on high volume, which would indicate continued downward momentum.

Conclusion

Market Outlook: Bearish Pressure Steem's sharp decline is a function of concentrated selling in a fearful market, not a specific catalyst. The high volume suggests the move may be nearing a climax. Key watch: Can buying volume emerge to defend the $0.05 support level, or does the high turnover indicate further distribution?

CMC AI can make mistakes. Not financial advice.