For the day ahead
Stellar’s Lumen would need to move back through the support levels to $0.050 levels to support a run at the first major resistance level at $0.05095.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.049 levels.
Barring a broad-based crypto rebound, resistance at $0.049 would likely leave Stellar’s Lumen short of the first major resistance level.
Failure to move through to $0.050 levels could see Stellar’s Lumen struggle throughout the day.
A fall back through to sub-$0.046 levels would bring the third major support level at $0.04402 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.045 levels.
Looking at the Technical Indicators
Major Support Level: $0.04807
Major Resistance Level: $0.05095
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 rose by 1.44% on Sunday. Following a 0.04% fall on Saturday, Tron’s TRX ended the week up by 0.37% to $0.012750.
A bearish start to the day saw Tron’s TRX slide to an early morning intraday low $0.012365 before finding support.
Steering clear of the first major support level at $0.012280, Tron’s TRX struck a late afternoon intraday high $0.013262.
Tron’s TRX broke through the first major resistance level at $0.01280 and second major resistance level at $0.01308 before hitting reverse.
A late sell-off saw Tron’s TRX fall back through the major resistance levels to limit the upside on the day.
At the time of writing, Tron’s TRX was down by 2.87% to $0.012384. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.012648 to a low $0.012029.
Tron’s TRX fell through the first major support level at $0.012320 before finding support.
