For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.09320 pivot to support a run at the first major resistance level at $0.098590.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.097069.
Barring another broad-based crypto rally, the first major resistance level at $0.09859 would likely limit any upside.
Failure to avoid a fall through the $0.09320 pivot would bring the first major support level at $0.08932 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should avoid sub-$0.080 levels. The second major support level at $0.08393 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $0.08932
Major Resistance Level: $0.09859
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 fell by 0.82% on Wednesday. Reversing a 0.85% gain from Tuesday, Tron’s TRX ended the day at $0.01760.
It was also a bearish start to the day. Tron’s TRX fell to a late morning intraday low $0.017501 before finding support.
Steering clear of the first major support level at $0.01730, Tron’s TRX struck an early afternoon intraday high $0.017768.
Coming up short of the first major resistance level at $0.01791, slipped back to sub-$0.0177 levels.
At the time of writing, Tron’s TRX was up by 0.18% to $0.017632. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.017533 before rising to a high $0.017632.
Tron’s TRX left the major support and resistance levels untested early on.