For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.06370 pivot to support a run at the first major resistance level at $0.06544.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Sunday’s high $0.06506.
Barring another broad-based crypto rally, the first major resistance level and Sunday’s high would likely limit any upside.
Failure to avoid a fall through the $0.06370 pivot could see Stellar’s Lumen struggle later in the day.
A fall back through to sub-$0.064 levels would bring the first major support level at $0.06226 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.060 levels. The second major support level at $0.06047 should limit any downside on the day.
Looking at the Technical Indicators
Major Support Level: $0.06226
Major Resistance Level: $0.06544
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 rose by 1.94% on Sunday. Reversing a 1.97% loss from Saturday, Tron’s TRX ended the week down by 0.78% to $0.015729.
A bearish start to the day saw Tron’s TRX fall to an early intraday low $0.015326 before making a move.
Steering clear of the first major support level at $0.01494, Tron’s TRX rallied to a late intraday high $0.015961.
Falling short of the first major resistance level at $0.01604, Tron’s TRX fell back to $0.01570 levels late in the day.
At the time of writing, Tron’s TRX was up by 0.95% to $0.015878. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.015786 to a high $0.016053.
Tron’s TRX tested the first major resistance level at $0.01602 early on.
