For the day ahead
Stellar’s Lumen would need to move back through to $0.065 levels to bring the first major resistance level at $0.06619 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.065225.
Barring a broad-based crypto rebound, the first major resistance level would likely limit any upside.
Failure to move back through to $0.065 levels could see Stellar’s Lumen fall deeper into the red.
A fall through to sub-$0.064 levels would bring the first major support level at $0.06377 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06266.
Looking at the Technical Indicators
Major Support Level: $0.06377
Major Resistance Level: $0.06619
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 0.74% on Tuesday. Partially reversing a 3.83% rally from Monday, Tron’s TRX ended the day at $0.01460.
It was a bearish start to the day. Tron’s TRX fell from an early morning intraday high $0.014709 to a mid-afternoon intraday low $0.014241.
Tron’s TRX fell through the first major support level at $0.01431 before finding support late in the day.
The late recovery saw Tron’s TRX move back through the first major support level to wrap up the day at $0.01460 levels
At the time of writing, Tron’s TRX was down by 0.35% to $0.014549. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.014625 to a low $0.014549.
Tron’s TRX left the major support and resistance levels untested early on.
