For the day ahead
Stellar’s Lumen would need to move through the pivot level at $0.7228 to bring the first major resistance level at $0.7866 into play.
Support from the broader market would be need, however, for Stellar’s Lumen to break out from $0.75 levels.
Barring an extended rally, the first major resistance level and Sunday’s new swing hi $0.7978 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.85 before any pullback. The second major resistance level sits at $0.8616.
Failure to move through the $0.7228 pivot would bring the first major support level at $0.6478 into play.
Barring an extended sell-off on the day, however, Stellar’s Lumen should steer clear of the second major support level at $0.5840. The 23.6% FIB of $0.6160 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.6478
First Major Resistance Level: $0.7866
23.6% FIB Retracement Level: $0.6160
38% FIB Retracement Level: $0.5035
62% FIB Retracement Level: $0.3216
Tron’s TRX fell by 1.00% on Sunday. Following a 3.59% loss from Saturday, Tron’s TRX ended the week down by 16.76% to $0.1194.
Tracking the broader market, Tron’s TRX rallied to a late morning intraday high $0.1317.
Tron’s TRX broke through the first major resistance level at $0.1261 before hitting reverse.
Coming up against the second major resistance level at $0.1315, Tron’s TRX slid to a late intraday low $0.1145.
The reversal saw Tron’s TRX fall through the 38.2% FIB and the first major support level at $0.1167 before ending the day at $0.119 levels.
At the time of writing, Tron’s TRX was down by 1.97% to $0.1170. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1200 before falling to a low $0.1166.
While leaving the major support and resistance levels untested, Tron’s TRX tested support at the 38.2% FIB of $0.1167.