For the day ahead
Stellar’s Lumen would need to move through to $0.0740 levels to bring the first major resistance level to bring $0.07516 levels into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to breakout from Monday’s high $0.073668.
Barring a broad-based crypto rally, the first major resistance level at $0.07516 would likely limit any upside on the day.
Failure to move through to $0.0740 levels could see Stellar’s Lumen hit reverse.
A fall through to sub-$0.07140 levels would bring the first major support level at $0.06913 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06538.
Looking at the Technical Indicators
Major Support Level: $0.06913
Major Resistance Level: $0.07516
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 1.16% on Monday. Partially reversing a 2.37% decline from Sunday, Tron’s TRX ended the day at $0.016190.
Bearish through the morning, Tron’s TRX slid from an early morning intraday high $0.016054 to a mid-morning intraday low $0.015132.
Tron’s TRX fell through the first major support level at $0.01551 before making a move.
Finding support going into the afternoon, Tron’s TRX rallied to a late afternoon intraday high $0.016384.
While breaking back through the first major support level, Tron’s TRX fell short of the first major resistance level at $0.01655 before easing back.
At the time of writing, Tron’s TRX was up by 1.17% to $0.016380. A bullish start to the day saw Tron’s TRX rise from an end of Monday 0.01619 to an early morning high $0.016380.
Tron’s TRX left the major support and resistance levels untested early on.
