EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 23rd, 2021


For the day ahead

Stellar’s Lumen would need to move back through the $0.3746 pivot to bring the first major resistance level at $0.3877 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.38 levels.

Barring an extended rally, the first major resistance level and Sunday’s high at $0.3895 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.4027.

Failure to move back through the $0.3746 pivot would bring the first major support level at $0.3596 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear sub-$0.35 levels. The second major support level sits at $0.3465.

Looking at the Technical Indicators

First Major Support Level: $0.3596

First Major Resistance Level: $0.3877

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 fell by 0.84% on Sunday. Following a 2.58% decline on Saturday., Tron’s TRX ended the week down by 5.77% to $0.08773.

A mixed start to the day saw Tron’s TRX rise to a late morning intraday high $0.09047 before hitting reverse.

Coming up against the first major resistance level at $0.09040, Tron’s TRX slid to a mid-afternoon intraday low $0.08676.

Tron’s TRX fell through the first major support level at $0.08701 before ending the day at $0.0877 levels.

At the time of writing, Tron’s TRX was up by 0.40% to $0.08809. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08747 before rising to a high $0.08861.

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



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