For the day ahead
Stellar’s Lumen would need to move back through the $0.07090 pivot to support a run at the first major resistance level at $0.07190.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.071 levels.
Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $0.072 would likely limit any upside.
Failure to move through the $0.07090 pivot could see Stellar’s Lumen struggle throughout the day.
A fall through to sub-$0.070 levels would the first major support level at $0.06985 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06889.
Looking at the Technical Indicators
Major Support Level: $0.06985
Major Resistance Level: $0.07190
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 gained just 0.06% on Tuesday. Following a 0.29% rise on Monday, Tron’s TRX ended the day at $0.016157.
It was a relatively bullish start to the day. Tron’s TRX rose an early morning intraday high $0.016275 before hitting reverse.
Falling short of the first major resistance level at $0.01654, Tron’s TRX slid to an early afternoon intraday low $0.015993.
Steering clear of the first major support level at $0.01538, Tron’s TRX recovered to $0.0165 levels to end the day flat.
At the time of writing, Tron’s TRX was down by 0.93% to $0.016007. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.016102 to a low $0.016007.
Tron’s TRX left the major support and resistance levels untested early on.
