Tron – EOS, Stellar’s Lumen, and Tron’s TRX

For the day ahead

Stellar’s Lumen would need to move through the pivot level at $0.4971 to bring the first major resistance level at $0.5407 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen break out from $0.52 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.5469 would likely cap any upside.

In the event of an extended rally, Stellar’s Lumen could test resistance at $0.60 before any pullback. The second major resistance level sits at $0.5904.

Failure to move through the $0.4971 pivot would bring the 23.6% FIB of $0.4713 and the first major support level at $0.4474 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level sits at $0.4038.

Looking at the Technical Indicators

First Major Support Level: $0.4474

First Major Resistance Level: $0.5407

23.6% FIB Retracement Level: $0.3426

38% FIB Retracement Level: $0.2823

62% FIB Retracement Level: $0.1850

Tron’s TRX

Tron’s TRX tumbled by 10.79% on Wednesday. Following on from a 9.08% slide on Tuesday, Tron’s TRX ended the day at $0.1108.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1270 before hitting reverse.

Falling short of the first major resistance level at $0.1388, Tron’s TRX slid to a late intraday low $0.1031.

The sell-off saw Tron’s TRX fall through the 23.6% FIB of $0.1159 and the first major support level at $0.1102.

Finding late support, Tron’s TRX broke back through to $0.11 levels. The first major support level at $0.1102 pinned Tron’s TRX back, however.

At the time of writing, Tron’s TRX was up by 5.04% to $0.1163. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1091 before rallying to a high $0.1175.

While Tron’s TRX left the major support and resistance levels untested early on, Tron’s TRX broke through the 23.6% FIB of $0.1159.