EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 12th, 2021


For the day ahead

Stellar’s Lumen would need to avoid the 23.6% FIB and the $0.3331 pivot to bring the first major resistance level at $0.3567 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.3525.

Barring an extended rally, the first major resistance level and resistance at $0.36 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.38 before any pullback. The second major resistance level sits at $0.3761.

A fall back through the 23.6% FIB and through the $0.3331 pivot would bring the first major support level at $0.3137 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level sits at $0.2901.

Looking at the Technical Indicators

First Major Support Level: $0.3137

First Major Resistance Level: $0.3567

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 jumped by 12.10% on Wednesday. Following a 0.99% gain on Tuesday, Tron’s TRX ended the day at $0.08384.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.07409 before making a move.

Steering clear of the first major support level at $0.07243, Tron’s TRX rallied to a late intraday high $0.08667.

Tron’s TRX broke through the day’s major resistance levels and the 23.6% FIB of $0.07870 to end the day at $0.083 levels.

At the time of writing, Tron’s TRX was up by 4.20% to $0.08736. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08315 before rising to a high $0.09004.

Tron’s TRX briefly broke through the first major resistance level at $0.08898 early on.



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