For the day ahead
Stellar’s Lumen would need to move back through to $0.07030 levels to bring the first major resistance level at $0.07292 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.072218.
Barring a broad-based crypto rebound, resistance at $0.072 would likely leave Stellar’s Lumen short of the first major resistance level.
Failure to move through to $0.07030 levels could see Stellar’s Lumen fall deeper into the red.
A fall through to sub-$0.069 levels would bring the first major support level at $0.06834 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06571.
Looking at the Technical Indicators
Major Support Level: $0.06834
Major Resistance Level: $0.07292
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 3.36% on Wednesday. Reversing a 2.29% rally from Tuesday, Tron’s TRX ended the day at $0.014980.
A bearish start to the day saw Tron’s TRX slide from an early morning intraday high $0.015501 to a mid-afternoon intraday low $0.014634.
Tron’s TRX slid through the first major support level at $0.01521 and the second major support level at $0.01483.
Finding support late in the day, Tron’s TRX recovered to $0.015 levels before easing back.
While breaking back through the second major support level, Tron’s TRX came up short of the first major support level at the day end.
At the time of writing, Tron’s TRX was down by 0.22% to $0.014947. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.015049 before falling to a low $0.014790.
Tron’s TRX left the major support and resistance levels untested early on.
