For the day ahead
Stellar’s Lumen would need to avoid sub-$0.050 levels to support a run at the first major resistance level at $0.05122.
Support from the broader market would be needed, however, for Stellar’s Lumen to break through the morning high $0.050550.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.051989 would likely cap any upside.
Failure to avoid sub-$0.050 levels could see Stellar’s Lumen struggle later in the day.
A fall back through to sub-$0.04940 levels would bring the first major support level at $0.04678 into play.
Barring a broad-based crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.047 levels on the day.
Looking at the Technical Indicators
Major Support Level: $0.04678
Major Resistance Level: $0.05122
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX
Tron’s TRX slid by 3.60% on Tuesday. Partially reversing an 8.36% rally from Monday, Tron’s TRX ended the day at $0.013267.
A bullish day saw Tron’s TRX strike an early morning intraday high $0.014069 before easing back.
Falling short of the first major resistance level at $0.01457, Tron’s TRX fell back to sub-$0.01350 levels before finding support.
Through the late morning, Tron’s TRX revisited $0.014 levels before sliding to a late intraday low $0.013161.
Steering clear of the first major support level at $0.01301, Tron’s TRX recovered to $0.01320 levels to limit the loss.
At the time of writing, Tron’s TRX was up by 3.00% to $0.013665. A bullish start to the day saw Tron’s TRX rally from an early morning low $0.013039 to a high $0.013800.
Steering clear of the major support levels, Tron’s TRX came within range of the first major resistance level at $0.01384.
