For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.06790 pivot to support a run at the first major resistance level at $0.06958.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.069707.
Barring another broad-based crypto rally, the first major resistance level would likely limit any upside.
A fall through the $0.06790 pivot could see Stellar’s Lumen struggle throughout the day.
A pullback through to sub-$0.067 levels would bring the first major support level at $0.06630 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06459.
Looking at the Technical Indicators
Major Support Level: $0.06630
Major Resistance Level: $0.06958
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.14336518
62% FIB Retracement Level: $0.2050
Tron’s TRX rallied by 3% on Wednesday. Following on from a 1.17% gain on Tuesday, Tron’s TRX ended the day at $0.016845.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.016241 before making a move.
Steering clear of the first major support level at $0.01620, Tron’s TRX rallied to a late afternoon intraday high $0.017036.
Tron’s TRX broke through the first major resistance level at $0.01662 and the second major resistance level at $0.01684.
A late pullback saw Tron’s TRX fall back to sub-$0.01680 levels before revisiting $0.01695 levels.
The second major resistance level at $0.01684 pinned Tron’s TRX back late in the day.
At the time of writing, Tron’s TRX was up by 1.32% to $0.017068. A bullish start to the day saw Tron’s TRX rise from an early morning low 0.016901 to a high $0.017136.
Tron’s TRX left the major support and resistance levels untested early on.