For the day ahead
Stellar’s Lumen would need to move back through to $0.06955 levels to bring the first major resistance level at $0.07091 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.070736.
Barring an extended crypto rebound, the first major resistance level would likely limit any upside.
Failure to move through to $0.06955 levels could see Stellar’s Lumen fall deeper into the red.
A fall through to sub-$0.06900 levels would bring the first major support level at $0.06833 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06695.
Looking at the Technical Indicators
Major Support Level: $0.06833
Major Resistance Level: $0.07091
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX
Tron’s TRX rallied by 3.41% on Wednesday. Following on from a 3.23% gain on Tuesday, Tron’s TRX ended the day at $0.015091.
A choppy start to the day saw Tron’s TRX rally from an intraday low $0.014593 to an early morning intraday high $0.015319.
Tron’s TRX broke through the first major resistance level at $0.01501 and second major resistance level at $0.01547 before pulling back.
The pullback saw Tron’s TRX return to sub-$0.015 levels before revisiting $0.01520 levels late in the day.
While breaking back through the first major resistance level, Tron’s TRX failed to retest the second major resistance level.
A late pullback limited the upside on the day, though Tron’s TRX managed to wrap up the day at $0.015 levels.
At the time of writing, Tron’s TRX was down by 0.85% to $0.014963. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.015098 before falling to a low $0.014946.
Tron’s TRX left the major support and resistance levels untested early on.
