For the day ahead
Stellar’s Lumen would avoid sub-$0.07825 levels to take a run at the first major resistance level at $0.08082.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Sunday’s high $0.080267.
Barring another broad-based crypto rally, the first major resistance level would likely limit any upside on the day.
Failure to avoid sub-$0.07825 levels could see Stellar’s Lumen fall deeper into the red.
A fall through the morning low to sub-$0.07825 levels would bring the first major support level at $0.07619 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.07361.
Looking at the Technical Indicators
Major Support Level: $0.07619
Major Resistance Level: $0.08082
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 6.86% on Sunday. Following on from a 0.94% gain on Saturday, Tron’s TRX ended the week up by 14.99% to $0.018175.
A mixed start to the day saw Tron’s TRX rise to an early morning high $0.017638 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.01724 and the second major resistance level at $0.01750.
The reversal saw Tron’s TRX slide to a mid-afternoon intraday low $0.016877 before making a move.
Steering clear of the first major support level at $0.01662, Tron’s TRX rallied to a final hour intraday high $0.018220.
Tron’s TRX broke through the day’s major resistance levels to wrap up the day at $0.018 levels for the 1st time since March.
At the time of writing, Tron’s TRX was up by 0.25% to $0.018220. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.017993 before striking a high $0.018220.
Tron’s TRX left the major support and resistance levels untested early on.
