For the day ahead
Stellar’s Lumen would need to move through to $0.06260 levels to bring the first major resistance level at $0.06502 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.065014.
Barring an extended crypto rebound, the first major resistance level would likely limit any upside.
Failure to move back through to $0.06260 levels could see Stellar’s Lumen fall deeper into the red.
A fall through the morning low $0.062399 would bring the first major support level at $0.06023 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.060 levels on the day.
Looking at the Technical Indicators
Major Support Level: $0.06023
Major Resistance Level: $0.06502
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 2.02% on Monday. Following on from a 10.77% tumble on Sunday, Tron’s TRX ended the day at $0.01400.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.014441 before hitting reverse.
Falling short of the first major resistance level at $0.01592, Tron’s TRX slid to a late afternoon intraday low $0.013172.
Steering clear of the first major support level at $0.01286, Tron’s TRX recovered to $0.014 levels.
At the time of writing, Tron’s TRX was down by 0.04% to $0.013995. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.014092 before falling to a low $0.013995.
Tron’s TRX left the major support and resistance levels untested early on.
