📊 Steem Price Analysis (May 2024)
🪙 Current Price and Market Status
- Current Price: $0.2688 📉
- 24-Hour Change: -2.31% 🔻
- Market Cap: $124.13 million 💰
- 24-Hour Trading Volume: $4.99 million 📈
- Circulating Supply: 461.79 million STEEM 🪙
📉 Short-Term Analysis
- Market Sentiment: Mixed, with short-term bearish trends. 📉
- 50-Day Moving Average: Trending down 📉
- 200-Day Moving Average: Weak trend, sloping down since May 9, 2024 📉
- Relative Strength Index (RSI): Neutral zone (30-70), indicating no strong momentum 📊
📈 Long-Term Predictions
- End of 2024: Expected price range between $0.15 and $0.39, with an optimistic scenario suggesting a rise to around $0.39 🌈
- 2030 Forecast: Potential upper limit of around $0.36 🌟
📊 Market Factors
- Market Cap and Volume: Current market cap is approximately $124 million, with a 24-hour trading volume of around $4.99 million 💵
- Supply: Circulating supply is approximately 461.79 million tokens 🪙
🧠 Investment Outlook
- Short-Term: Exercise caution due to bearish trends and neutral RSI ⚠️
- Long-Term: Suitable for long-term holding given modest price growth forecasts 📈