For the day ahead
Stellar’s Lumen would need to avoid sub-$0.06540 levels to bring the first major resistance level at $0.06693 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.066385.
Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.
Failure to avoid sub-$0.06540 levels could see Stellar’s Lumen give up Monday’s gains.
A fall through to sub-$0.06540 levels would bring the first major support level at $0.06447 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06290.
Looking at the Technical Indicators
Major Support Level: $0.06447
Major Resistance Level: $0.06693
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 rallied by 3.83% on Monday. Partially reversing a 5.15% slide from Sunday, Tron’s TRX ended the day at $0.014710.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.014117 before finding support.
Steering clear of the first major support level at $0.01383, Tron’s TRX rose to a final hour intraday high $0.014710.
In spite of the support throughout the day, Tron’s TRX came up short of the first major resistance level at $0.01493.
At the time of writing, Tron’s TRX was down by 1.01% to $0.014561. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.014709 to a low $0.014561.
Tron’s TRX left the major support and resistance levels untested early on.
