For the day ahead
Stellar’s Lumen would need to move back through to $0.04830 levels to support a run at the first major resistance level at $0.04886.
Support from the broader market would be needed, however, for Stellar’s Lumen to breakout from Tuesday’s high $0.48798.
Barring an extended crypto rally, the first major resistance level. $0.04886 should limit any upside on the day.
Failure to move through to $0.04830 levels could see Stellar’s Lumen struggle throughout the day.
A fall back through the first major support level at $0.04777 would bring the second major support level at $0.04719 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.047 support levels.
Looking at the Technical Indicators
Major Support Level: $0.04777
Major Resistance Level: $0.04886
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 0.75% on Tuesday. Following on from a 0.11% decline on Monday, Tron’s TRX ended the day at $0.012484.
A bearish start to the day saw Tron’s TRX slide to a late morning intraday low $0.012429 before finding support.
Steering clear of the first major support level at $0.012220, Tron’s TRX rallied to an early afternoon intraday high $0.012800.
Tron’s TRX came within range of the first major resistance level at $0.012860 before sliding back into the red.
At the time of writing, Tron’s TRX was up by 0.76% to $0.012579. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.012336 before striking a high $0.012579.
Tron’s TRX fell through the first major support level at $0.01234 early on.
