For the day ahead
Stellar’s Lumen would move through the $0.07210 pivot to support a run at the first major resistance level at $0.07524.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back out from $0.072 levels.
Barring a broad-based crypto rally, resistance at $0.072 would likely leave Stellar’s Lumen short of the first major resistance level.
Failure to move through the $0.07210 pivot level would bring the first major support level at $0.06681 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.06368.
Looking at the Technical Indicators
First Major Support Level: $0.06681
First Major Resistance Level: $0.07524
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 7.76% on Monday. Following on from a 2.12% decline on Sunday, Tron’s TRX ended the day at $0.024883.
Tracking the broader market, Tron’s TRX rose to an early morning intraday high $0.027594 before hitting reverse.
Falling short of the first major resistance level at $0.02777, Tron’s TRX slid to a late afternoon intraday low $0.024508.
Tron’s TRX fell through the first major support level at $0.02623 and the second major support level at $0.02548.
Finding late support, Tron’s TRX briefly revisited $0.0253 levels before easing back into the deep red.
At the time of writing, Tron’s TRX was up by 1.01% to $0.02514. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.02464 before rising to a high $0.02539.
Tron’s TRX left the major support and resistance levels untested early on.
