Crypto Social Network STEEM Defies Downtrend

After a tough start to the year, STEEM is showing signs of recovery with a price increase and renewed investor interest. Is this the beginning of a new era for creator rewards?

The STEEM cryptocurrency, the backbone of the social network that rewards content creators, recorded a remarkable rally of 13.53% in the last week. This upward movement comes after STEEM found solid support in the $0.1133 price zone, suggesting a possible reversal of the downtrend that has prevailed since January 2025. At the time of this report, STEEM is trading at $0.1496.

STEEM's downtrend appears to be losing steam, especially after the price managed to break above the 50-period exponential moving average (EMA50)/ TradingView

Technical Signals Point to a Trend Reversal

STEEM's downtrend appears to be losing steam, especially after the price managed to break above the 50-period exponential moving average (EMA50). STEEM is currently positioned within the bearish channel formed by the 50-period EMA and the 200-period EMA, a signal interpreted by some analysts as a possible exhaustion of sellers and the start of an accumulation phase since last March. Breaking above the 50-period EMA opens the door to a possible confrontation with the 200-period EMA, which acts as dynamic resistance at $0.1807. The bullish momentum has been supported by high trading volume since April 9, lending consistency to the movement.

Open Interest (OI) Recovering in the Futures Market

In the STEEM futures market, open interest (OI) is recovering, currently standing at $10.35 million. Despite a 6.16% decrease in the last 24 hours, STEEM's OI is showing an upward trend since the low of $3.81 million recorded on March 13. This increase suggests that liquidity is returning to STEEM, and buyers may be taking advantage of the lower prices of recent weeks due to weak sellers. This phenomenon occurs in a context where many alternative cryptocurrencies are in oversold territory after the first quarter of 2025, marked by Donald Trump's now-suspended tariff war.

STEEM: A New Social Media Model That Rewards Its Users

STEEM presents itself as an innovative social media model that seeks to redistribute the profits generated by user content. Unlike traditional platforms where shareholders accumulate billions, STEEM reverses this model, turning users into stakeholders who retain control of their data and earn cryptocurrency rewards for their contributions. To date, STEEM has distributed $59.59 million in rewards to its users.

The STEEM network stands out for its transaction processing capacity, surpassing giants like Bitcoin and Ethereum. Currently, more than 1 million people use more than 324 STEEM-based applications. In the last 24 hours, STEEM processed 1,169,182 transactions, compared to 545,224 for Ethereum and 530,125 for Bitcoin.

Steemit Opens Call for Community Curators

In a recent announcement on its official blog, Steemit, one of the leading platforms built on the STEEM blockchain, opened the call for community curators for the month of May 2025. The initiative invites teams of up to three people with a minimum of 6,500 SP (Steem Power) per member to apply to curate diverse content within and outside of communities, with a focus on discovering often-overlooked authors and rewarding positive feedback. Developers of new STEEM games or applications are also invited to apply for special community curator accounts to boost their projects.

STEEM's price recovery, supported by technical reversal signals and an increase in open interest, could signal a change of direction for this blockchain-based social network. The breakout above the 50 EMA and growing community engagement, evidenced by the call for curators, suggest renewed interest in its proposal to reward content creators. Investors will be keen to see STEEM's ability to overcome the 200 EMA resistance and consolidate its position in the competitive social media and cryptocurrency landscape.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency trading is highly volatile and carries significant risks, including the total loss of your invested capital. Consult a financial advisor before making any investment decisions.