For the day ahead
Stellar’s Lumen would avoid sub-0.085 levels to take a run at the second major resistance level at $0.08711.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.085506.
Barring another broad-based crypto rally, resistance at $0.086 would likely limit any upside on the day.
Failure to avoid sub-$0.085 levels could see Stellar’s Lumen hit reverse.
A fall through the morning low $0.083322 to sub-$0.081 levels would bring the first major support level at $0.07889 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.080 levels on the day.
Looking at the Technical Indicators
Major Support Level: $0.07889
Major Resistance Level: $0.08498
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 3.21% on Wednesday. Partially reversing a 4.57% slide from Tuesday, Tron’s TRX ended the day at $0.016890.
Tracking the broader market, Tron’s TRX fell to an early morning intraday low $0.016043 before making a move.
Steering clear of the first major support level at $0.01540, Tron’s TRX rallied to a late intraday high $0.016936.
Falling short of the first major resistance level at $0.01737, Tron’s TRX eased back to wrap up the day at $0.01680 levels.
At the time of writing, Tron’s TRX was up by 1.59% to $0.017159. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.016918 to a high $0.017252.
Tron’s TRX came up against the first major resistance level at $0.017252 early on.
