For the day ahead
Stellar’s Lumen would need to move through to $0.04455 levels to support a run at the first major resistance level at $0.04506.
Support from the broader market would be needed, however, for Stellar’s Lumen to break through to $0.045 levels.
Barring a broad-based crypto rally, however, the first major resistance level at $0.04506 levels would likely pin Stellar’s Lumen back on the day.
Failure to move through to $0.04455 levels could see Stellar’s Lumen slide deeper into the red.
A fall through the morning low $0.044284 would bring the first major support level at $0.04402 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of the second major support level at $0.04351.
Looking at the Technical Indicators
Major Support Level: $0.04402
Major Resistance Level: $0.04506
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX slid by 2.22% on Wednesday. Following on from a 1.15% decline on Tuesday, Tron’s TRX ended the day at $0.013282.
A bearish start to the day saw Tron’s TRX fall from an early morning intraday high $0.013601 to a late afternoon intraday low $0.013043.
Steering clear of the major resistance levels, Tron’s TRX fell through the first major support level at $0.01328.
Finding support late on, Tron’s TRX bounced back to $0.01340 levels before sliding back. The first major support level limited the downside on the day.
At the time of writing, Tron’s TRX was down by 0.44% to $0.013224. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.013234 to a low $0.013224.
Tron’s TRX left the major support and resistance levels untested early on.