For the day ahead
Stellar’s Lumen would need to move through to 0.05240 levels to support a run at the first major resistance level to $0.05390.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.052386.
Barring a broad-based crypto rebound, resistance at $0.052 would likely limit any upside on the day.
Failure to move through to $0.05240 levels could see Stellar’s Lumen fall deeper into the red
A fall back through the morning low $0.051944 to sub-$0.051 levels would bring the first major support level at $0.04935 into play.
Barring a broad-based crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.048 support levels.
Looking at the Technical Indicators
Major Support Level: $0.04935
Major Resistance Level: $0.05390
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX rose by 2.97% on Monday. Partially reversing a 13.74% tumble from Sunday, Tron’s TRX ended the day at $0.015136.
A mixed start to the day saw Tron’s TRX fall to a mid-morning low $0.014280 before making a move.
Steering clear of the major support levels, Tron’s TRX struck a late morning intraday high $0.015350.
Falling short of the first major resistance level at $0.01627, Tron’s TRX fell back to a mid-afternoon intraday low $0.014097.
Steering clear of the first major support level at $0.01385, Tron’s TRX bounced back to wrap up the day at $0.0150 levels.
At the time of writing, Tron’s TRX was down by 0.54% to $0.015054. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.014956 before striking a high $0.015169.
Tron’s TRX left the major support and resistance levels untested early on.