For the day ahead
Stellar’s Lumen would need to move back through to $0.07010 levels to bring the first major resistance level at $0.07144 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.0710 levels.
Barring an extended crypto rally, the first major resistance level would likely limit any upside.
Failure to move through to $0.07010 levels could see Stellar’s Lumen fall deeper into the red.
A fall through to sub-$0.06920 levels would bring the first major support level at $0.06880 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.068 support levels.
Looking at the Technical Indicators
Major Support Level: $0.06880
Major Resistance Level: $0.07144
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 rallied by 2.26% on Monday. Following on from a 0.34% gain on Sunday, Tron’s TRX ended the day at $0.015356.
A bullish start to the day saw Tron’s TRX rally to a mid-morning intraday high $0.015571 before hitting reverse.
Tron’s TRX broke through the major resistance levels before sliding to a late morning intraday low $0.015005.
Tron’s TRX fell back through the major resistance levels before striking a late afternoon high $0.015393.
The rebound saw Tron’s TRX break back through the first major resistance level at $0.01513 and the second major resistance level at $0.01526.
While easing back late in the day, Tron’s TRX avoided a pullback through the second major resistance level.
At the time of writing, Tron’s TRX was down by 1.15% to $0.015179. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.015241 to a low $0.015179.
Tron’s TRX left the major support and resistance levels untested early on.
