For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.07876 pivot to support another run at the first major resistance level at $0.08253.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.082205.
Barring a broad-based crypto rally, the first major resistance level would like cap any upside.
Failure to avoid a fall through the $0.07876 pivot level would bring the first major support level at $0.07618 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of sub-$0.076 levels. The second major support level sits at $0.07242.
Looking at the Technical Indicators
First Major Support Level: $0.07618
First Major Resistance Level: $0.08253
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX
Tron’s TRX slid by 5.15% on Wednesday. Following on from a 7.84% tumble on Tuesday, Tron’s TRX ended the day at $0.026393.
It was a bearish day. Tron’s TRX fell to an early morning low $0.02658 before making a move.
Tron’s TRX fell through the first major support level at $0.02674 before striking a mid-day intraday high $0.02992.
The rebound saw Tron’s TRX break through the 23.6% FIB of $0.0291 and the first major resistance level at $0.02982.
A bearish 2nd half of the day, however, saw Tron’s TRX slide to a late intraday low $0.026037.
Tron’s TRX fell back through the first major support level at $0.02674 to wrap up the day at $0.0263 levels.
At the time of writing, Tron’s TRX was up by 3.39% to $0.027288. A bullish start to the day saw Tron’s TRX rally from an early morning low $0.02623 to a high $0.02748.
Tron’s TRX left the major support and resistance levels untested early on.