For the day ahead
Stellar’s Lumen would need to move through the $0.09197 pivot to support a run at the first major resistance level at $0.09675.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.095 levels.
Barring another broad-based crypto rally, the first major resistance level and Monday’s high $0.098188 would likely limit any upside.
Failure to move through the $0.09197 pivot would bring the first major support level at $0.08575 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should avoid sub-$0.080 levels. The second major support level at $0.08097 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $0.09675
Major Resistance Level: $0.08575
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.14336518
62% FIB Retracement Level: $0.2050
Tron’s TRX
Tron’s TRX slid by 3.46% on Monday. Following on from a 0.85% loss on Sunday, Tron’s TRX ended the day at $0.01758.
It was also a mixed start to the day. Tron’s TRX recovered from an early morning low $0.017966 to strike a mid-day intraday high $0.018452 before hitting reverse.
Falling short of the first major resistance level at $0.01852, Tron’s TRX slid to a late intraday low $0.017046.
Tron’s TRX fell through the first major support level at $0.01791 and second major support level at $0.01761
Steering clear of the third major support level at $0.01701, Tron’s TRX moved back through to $0.01750 levels.
At the time of writing, Tron’s TRX was down by 1.13% to $0.017381. A bearish start to the day Tron’s TRX fall from an early morning high $0.017543 to a low $0.017209.
Tron’s TRX tested the first major support level at $0.01686 early on.
