For the day ahead
Stellar’s Lumen would need to move back through to $0.06610 levels to bring the first major resistance level at $0.06763 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.067 levels.
Barring a broad-based crypto rally, the first major resistance level and Wednesday’s high $0.067666 would likely limit any upside.
Failure to move back through to $0.06610 levels could see Stellar’s Lumen hit reverse.
A fall through to sub-$0.065 levels would bring the first major support level at $0.06449 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.06293.
Looking at the Technical Indicators
Major Support Level: $0.06449
Major Resistance Level: $0.06763
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 rose by 0.58% on Wednesday. Partially reversing a 0.74% decline from Tuesday, Tron’s TRX ended the day at $0.014710.
It was a bullish start to the day. Tron’s TRX rallied from an early morning low $0.014529 to a late morning intraday high $0.015041 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.01479 and the second major resistance level at $0.01498.
The reversal saw Tron’s TRX slide through the major resistance levels to a late intraday low $0.014502 into the red.
Late in the day, however, Tron’s TRX moved back through to $0.01470 levels to end the day in the green.
In spite of the late pullback, Tron’s TRX steered clear of the first major support level at $0.01432.
At the time of writing, Tron’s TRX was down by 0.11% to $0.014694. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.014725 before falling to a low $0.014694.
Tron’s TRX left the major support and resistance levels untested early on.
