For the day ahead
Stellar’s Lumen would need to move through to $0.07260 levels to bring the first major resistance level to bring $0.07444 levels into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.073 levels.
Barring a broad-based crypto rebound, the first major resistance level at $0.07444 would likely limit any upside on the day.
Failure to move through to $0.07260 levels could see Stellar’s Lumen fall back into the deep red.
A fall through the morning low $0.071219 would bring the first major support level at $0.07029 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06845.
Looking at the Technical Indicators
Major Support Level: $0.07029
Major Resistance Level: $0.07444
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 2.56% on Tuesday. Reversing a 1.16% trend-bucking gain from Monday, Tron’s TRX ended the day at $0.015903.
Bullish through the morning, Tron’s TRX rose to a late morning intraday high $0.016650 before hitting reverse.
Tron’s TRX came up against the first major resistance level at $0.01667 before falling to an early afternoon intraday low $0.015700.
Steering clear of the first major support level at $0.01542, Tron’s TRX briefly revisited $0.01596 levels before a late pullback.
At the time of writing, Tron’s TRX was down by 0.33% to $0.015850. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.015881 to a low $0.015603.
Tron’s TRX left the major support and resistance levels untested early on.
