For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.070 pivot to support a run at the first major resistance level at $0.07368.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.072022.
Barring another broad-based crypto rally, the first major resistance level at $0.07368 would likely limit any upside.
Failure to avoid a fall through the $0.070 pivot could see Stellar’s Lumen struggle throughout the day.
A pullback through to sub-$0.070 levels would bring the first major support level at $0.06837 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.06489.
Looking at the Technical Indicators
Major Support Level: $0.06837
Major Resistance Level: $0.07368
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 rallied by 6.53% on Monday. Following on from a 0.79% gain on Sunday, Tron’s TRX ended the day at $0.018089.
It was a particularly bullish day. Tron’s TRX rallied from an early morning intraday low $0.016980 to a late afternoon high $0.018161.
Steering well clear of the major support levels, Tron’s TRX broke through the day’s major resistance levels before easing back.
The ease back saw Tron’s TRX fall back through the third major support level at $0.01807 to $0.0176 levels. Finding late support, however, Tron’s TRX struck a final hour intraday high $0.018184.
Tron’s TRX broke back through the third major resistance level at $0.01807 to wrap up the day at $0.018 levels.
At the time of writing, Tron’s TRX was down by 1.30% to $0.017854. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.018150 before falling to a low $0.017854.
Tron’s TRX left the major support and resistance levels untested early on.