For the day ahead
Stellar’s Lumen would need to move back through to $0.077 levels to bring the first major resistance level at $0.07862 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.07650.
Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.
Failure to move through to $0.077 levels could see Stellar’s Lumen hit reverse.
A fall through to sub-$0.07430 levels would bring the first major support level at $0.07206 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.070 support levels.
Looking at the Technical Indicators
Major Support Level: $0.07206
Major Resistance Level: $0.07862
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 rallied by 7.97% on Monday. Reversing a 2.99% fall from Sunday, Tron’s TRX ended the day at $0.017065.
It was a bullish start to the month. Tron’s TRX rallied from an early morning intraday low $0.015753 to a final hour intraday high $0.017096.
Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.01691.
It was the first time that Tron’s TRX wrapped up the day at $0.017 levels since early March.
At the time of writing, Tron’s TRX was down by 0.45% to $0.016989. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.017150 to a low $0.016989.
Tron’s TRX left the major support and resistance levels untested early on.
