STEEM Price Analysis: Is It Building Momentum for 2025?
STEEM, the native token of the Steem blockchain, has been relatively quiet in 2024. As of April 2025, STEEM trades around $0.17, showing a 5% uptick over the past month. While far from its all-time high, the token has shown resilience during the broader crypto market slowdown.
Analyzing historical data, STEEM hit its all-time high of $8.57 in January 2018 during the last major bull run. Since then, it faced sharp corrections but maintained an active user base thanks to platforms like Steemit and other social DApps.
Volume patterns indicate growing interest. Daily trading volume averaged $2M in March but recently surged to $3.5M, suggesting fresh liquidity inflows. If Bitcoin continues to consolidate above $60k, altcoins like STEEM could see renewed accumulation phases.
However, volatility remains a factor. Short-term traders should watch key support at $0.18 and resistance around $0.24. A clean break above could invite mid-term targets near $0.30.
Bottom Line: STEEM might be quietly positioning for a stronger second half of 2025 — but patience is key!