EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 10th, 2021

For the day ahead

Stellar’s Lumen would need to avoid the $0.2948 pivot to bring the first major resistance level at $0.3096 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.3059.

Barring an extended rally, the first major resistance level and resistance at $0.31 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.33 before any pullback. The second major resistance level sits at $0.3207.

A fall through the $0.2948 pivot would bring the first major support level at $0.2837 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.2689.

Looking at the Technical Indicators

First Major Support Level: $0.2837

First Major Resistance Level: $0.3096

23.6% FIB Retracement Level: $0.3402

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX rose by 3.03% on Monday. Partially reversing a 4.08% loss from Sunday, Tron’s TRX ended the day at $0.07407.

A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.06939 before making a move.

Finding support at the first major support level at $0.06951, Tron’s TRX rallied to a late afternoon intraday high $0.07527.

Coming within range of the first major resistance level at $0.07536, however, Tron’s TRX eased back to end the day at $0.074 levels.

At the time of writing, Tron’s TRX was up by 0.04% to $0.07410. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.07499 before falling to a low $0.07322.

Tron’s TRX left the major support and resistance levels untested early on.

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