For the day ahead
Stellar’s Lumen would need to move back through to $0.049 levels to support a run at the first major resistance level at $0.04965.
Support from the broader market would be needed, however, for Stellar’s Lumen to breakout from Monday’s high $0.48676.
Barring a broad-based crypto rebound, resistance at $0.049 would likely leave Stellar’s Lumen short of the first major resistance level. $0.04965.
Failure to move through to $0.049 levels could see Stellar’s Lumen struggle throughout the day.
A fall back through to sub-$0.04740 levels would bring the first major support level at $0.04613 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: $0.04613
Major Resistance Level: $0.04965
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 fell by 0.11% on Monday. Partially reversing a 1.44% gain from Sunday, Tron’s TRX ended the day at $0.012634.
A bearish start to the day saw Tron’s TRX slide to an early morning intraday low $0.012029 before finding support.
Tron’s TRX fell through the first major support level at $0.012320 before striking a late intraday high $0.012663.
Falling well short of the first major resistance level at $0.01322, Tron’s TRX slid back to sub-$0.01265 levels and into the red.
At the time of writing, Tron’s TRX was down by 0.12% to $0.012619. A mixed start to the day saw Tron’s TRX rise from an early morning low $0.012578 to a high $0.012635 before easing back.
Tron’s TRX left the major support and resistance levels untested early on.
