For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.07723 pivot to support a run at the first major resistance level at $0.08054.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.080 levels.
Barring a broad-based crypto rally, the first major resistance level would like cap any upside.
Failure to avoid a fall through the $0.07723 pivot would bring the first major support level at $0.07531 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.07200.
Looking at the Technical Indicators
First Major Support Level: $0.07531
First Major Resistance Level: $0.08054
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 rose by 3.14% on Monday. Following on from a 5.39% rally on Sunday, Tron’s TRX ended the day at $0.032481.
A mixed start to the day saw Tron’s TRX rise to an early morning high $0.032279 before hitting reverse.
Falling short of the first major resistance level at $0.03348, Tron’s TRX slid to a mid-day intraday low $0.028257.
Tron’s TRX fell through the first major support level at $0.02870 and the 23.6% FIB of 0.0291. Finding late support, however, Tron’s TRX struck a late intraday high $0.032705.
While falling short of the first major resistance level at $0.03348, Tron’s TRX broke back through the 23.6% FIB of $0.0291 to end the day in the green.
At the time of writing, Tron’s TRX was down by 1.56% to $0.031976. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.032647 before falling to a low $0.031597.
Tron’s TRX left the major support and resistance levels untested early on.