For the day ahead
Stellar’s Lumen would need to move back through to $0.4650 levels to support a run at the first major resistance level at $0.04700.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.046514.
Barring a broad-based crypto rally, however, the first major resistance level at $0.04700 levels would likely pin Stellar’s Lumen back on the day.
Failure to move through to $0.04650 levels could see Stellar’s Lumen slide deeper into the red.
A fall through the morning low $0.046119 would bring the first major support level at $0.04593 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.04500 levels. The second major support level at $0.04536 should limit any downside on the day.
Looking at the Technical Indicators
Major Support Level: $0.04593
Major Resistance Level: $0.04700
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX rallied by 2.63% on Sunday. Following on from a 1.43% gain on Saturday, Tron’s TRX ended the week down by 7.88% to $0.013812.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.01340 before making a move.
Steering clear of the first major support level at $0.01328, Tron’s TRX rallied to a late intraday high $0.013895.
Tron’s TRX broke through the first major resistance level at $0.013770 to wrap up the day at $0.0138 levels.
It was the 6th consecutive day, however, that Tron’s TRX fell short of $0.0140 levels.
At the time of writing, Tron’s TRX was up by 0.02% to $0.013815. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.013641 before striking a high $0.013838.
Tron’s TRX left the major support and resistance levels untested early on.