Latest Steem (STEEM) Price Analysis

Deep Dive

1. Post-Challenge Sell Pressure (Bearish Impact)

Overview: Steemit’s Season 28 Challenge concluded on December 7, 2025, after a week of incentivized user engagement. Participants earned STEEM rewards for content creation, which may have been sold post-deadline to lock in gains.

What this means: Platform-native reward programs often create temporary sell pressure after expiration. Historical data shows similar patterns in prior Steemit seasons, where short-term price dips followed event closures (kanalcoin.com).

What to watch: STEEM’s on-chain activity (transactions, active addresses) for signs of renewed engagement or prolonged stagnation.

2. Upbit Liquidity Resumption (Mixed Impact)

Overview: Upbit, South Korea’s largest exchange, reactivated STEEM deposits/withdrawals on December 5 after wallet maintenance. Users must generate new addresses, but the phased reopening likely eased prior liquidity constraints.

What this means: While improved access can boost trading volume, it also allows dormant holders to offload tokens. STEEM’s 24h volume rose 25% to $10.4M, aligning with increased sell-side activity post-reopening (Upbit Guide).

What to watch: Exchange inflow/outflow metrics to gauge whether deposits outweigh withdrawals.

3. Technical Weakness (Bearish Bias)

Overview: STEEM trades below its 7-day SMA ($0.0746) and pivot point ($0.0732), with RSI-14 at 39.6 (neutral but bear-leaning). The MACD histogram shows faint bullish momentum, but Fibonacci retracement levels place resistance at $0.0895 (23.6%) – 17% above current prices.

What this means: The lack of bullish catalysts and persistent downtrend (45% drop over 90 days) reinforces negative sentiment. Weak volume and low liquidity (turnover ratio: 0.27) amplify volatility risks.

What to watch: A sustained break above the 7-day SMA ($0.0746) could signal short-term relief.

Conclusion

STEEM’s decline reflects a mix of profit-taking after its flagship event, exchange-driven liquidity shifts, and entrenched bearish technicals. While community initiatives may stabilize engagement, broader market headwinds (Bitcoin dominance at 58.45%, “Fear” sentiment) limit upside potential.

Key watch: Can STEEM hold the $0.0677 Fibonacci swing low, or will breaking it accelerate the downtrend?

Deep Dive

1. Upbit Liquidity Restoration (Bullish Impact)

Overview: South Korea’s largest exchange, Upbit, resumed STEEM deposits/withdrawals on December 5 after wallet maintenance. Users must generate new addresses, reducing accidental loss risks and enabling fresh trading activity.

What this means: Upbit’s phased restoration likely eased sell pressure from trapped funds while attracting incremental demand. Historically, renewed access on major exchanges correlates with short-term price stabilization, especially in low-volume tokens like STEEM.

What to look out for: Additional asset support phases – if STEEM volumes surge on Upbit, it could signal sustained interest.

2. Steemit’s Curation Program (Neutral Impact)

Overview: Steemit allocated 13 million STEEM Power ($967K) to December’s community curators, aiming to incentivize content creation and voting.

What this means: While this locks up STEEM for staking (reducing sell-side liquidity), the program’s monthly predictability limits surprise demand shocks. The impact is more psychological, reinforcing Steemit’s niche ecosystem activity without broader market catalysts.

3. Technical Rebound Signals (Mixed Impact)

Overview: STEEM’s RSI-14 (42.19) hovered near oversold territory, while the MACD histogram turned positive (+0.00056) for the first time in a week.

What this means: Traders may have interpreted this as a dip-buying signal, but weak volume (-36% to $9.2M) and resistance at the 7-day SMA ($0.0757) suggest limited conviction. The 24h gain barely offsets a 37% 60-day drop.

Conclusion

STEEM’s minor rebound reflects temporary liquidity improvements and oversold technicals rather than fundamental strength. Key watch: Can Upbit volumes sustain above $1M daily, breaking STEEM’s 90-day downtrend?