For the day ahead
Stellar’s Lumen would need to avoid a fall through the first major resistance level to support a run at the second major resistance level at $0.10048.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.099306.
Barring another broad-based crypto rally, the second major resistance level would likely limit any upside.
Failure to avoid a fall through the first major resistance level at $0.9886 would bring sub-$0.097 levels into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should avoid the pivot level at $0.09658. The first major support level sits at $0.09496.
Looking at the Technical Indicators
First Major Support Level: $0.09496
First Major Resistance Level: $0.09886
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 rose by 2.25% on Wednesday. Following a 2.42% rally on Tuesday, Tron’s TRX ended the day at $0.017984.
It was a mixed start to the day. Tron’s TRX rose to an early morning high $0.017630 before hitting reverse.
Falling short of the first major resistance level at $0.01786, Tron’s TRX fell to a mid-morning intraday low $0.017425.
Steering clear of the first major support level at $0.01732, Tron’s TRX rallied to a late intraday high $0.018001 before easing back.
Tron’s TRX broke through the first major resistance level at $0.01786 before easing back to sub-$0.018 levels.
The second major resistance level at $0.01807 capped the upside on the day.
At the time of writing, Tron’s TRX was up by 0.42% to $0.018059. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.017968 to a high $0.018100.
Tron’s TRX left the major support and resistance levels untested early on.