Steem Market Update | 26 December, 2025

Assalamu Alaikum friends,
After a long wait in the cryptocurrency market, the STEEM coin is now in a position that could be very attractive for investors and traders. If you look at the current chart, you will see that STEEM is in an important 'make or break' zone.

The area marked with the yellow circle in the screenshot is the focus of our main discussion now. Here, we see the price hovering just above a strong support level of around $0.060. This area is where we can see the formation of a 'Double Bottom' or 'W' pattern. In trading terms, this is a strong reversal signal, indicating that the current downtrend or decline is likely coming to an end.

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Looking at the moving averages (MA 7, 25, 99) on the chart, the price is now struggling with the shorter-term averages. If the candles inside this circle can hold the current support and close slightly higher, we can expect a major breakout. The possible direction shown by the orange arrow indicates that a bounce from here could lead to the next target around $0.10 to $0.11.

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While volume seems somewhat stable in the current market conditions, the price movement within this circle will determine our next move. If Steem can sustain itself at this support zone, this could be a great opportunity for a fresh entry.

But remember, the crypto market is always volatile. So, make sure to use your own risk management and stop-loss before making any decisions. Will Steem be able to overcome this hurdle and make a big leap? That's what we're keeping an eye on.

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