For the day ahead
Stellar’s Lumen would need to move through the pivot level at $0.5044 to bring first major resistance level at $0.5238 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen break back through to $0.52 levels.
Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $0.5342 would likely cap any upside.
In the event of an extended rally, Stellar’s Lumen could test resistance at $0.55 levels before any pullback. The second major resistance level sits at $0.5581.
Failure to move through the $0.5044 pivot would bring the first major support level at $0.4701 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.4507.
Looking at the Technical Indicators
First Major Support Level: $0.4701
First Major Resistance Level: $0.5238
23.6% FIB Retracement Level: $0.5342
38% FIB Retracement Level: $0.4373
62% FIB Retracement Level: $0.2808
Tron’s TRX slid by 7.23% on Wednesday. Reversing a 2.31% gain from Tuesday, Tron’s TRX ended the day at $0.1232.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1362 before hitting reverse.
Falling short of the first major resistance level at $0.1400, Tron’s TRX slid to a late intraday low $0.1223.
Steering clear of the first major support level at $0.1211, Tron’s TRX moved back through to $0.1230 levels to reduce the deficit.
At the time of writing, Tron’s TRX was up by 1.65% to $0.1253. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.1203 before rising to a high $0.1263.
Tron’s TRX left the major support and resistance levels untested early on.