STEEM Pumps +21% Today! Why STEEM is Surging on Binance Quick Analysis
STEEM/USDT on Binance just surged +21.28% in 24 hours to $0.0627, hitting a high of $0.0700 with massive volume, 123.99M STEEM traded + $7.64M USDT!
Why the big pump right now?
Real drivers on February 18, 2026
Oversold Rebound & Squeeze STEEM was stuck in deep lows $0.04-0.05 for weeks deeply oversold. This triggered strong relief rally, short covering (squeeze), and FOMO buying for quick recovery.
Altcoin Rotation Heat Mid-Feb 2026 rotation into older utility coins (STEEM's social media + rewards model on Steemit, Hive ecosystem) – benefiting from broader market recovery and rate cut hopes.
Technical Breakout Price exploded from support $0.051 with huge green candle, bullish EMA(25) crossover, expanding Bollinger Bands, and SAR flip upward. Volume spike confirms real momentum.
Long Term Narrative STEEM remains core to decentralized social (Steemit, Hive) sentiment improving with altcoin strength, potential for $0.08-0.10 in 2026 if activity grows.
Quick technicals from the chart:
Explosive spike from lows $0.051, now consolidating around $0.0627 after high $0.070.
EMAs turning bullish short term, price testing upper Bollinger momentum strong.
RSI heating but room left; watch hold above $0.058 for continuation.
Short-term outlook
Bullish if holds $0.058+ Could push to $0.07-0.08+ (next resistance/fib) or higher with volume support.
Risks: High volatility (post-pump pullbacks common), profit-taking after +21%, or broader market dip. STEEM has strong social utility, but low-cap risky DYOR!
What do you think More upside to $0.08+, or quick retrace? Share charts/thoughts below!
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are extremely volatile and risky. The author may hold positions in mentioned assets. Always conduct thorough research and never invest more than you can afford to lose.
