EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 24th, 2021


For the day ahead

Stellar’s Lumen would need to move back through the $0.3790 pivot to bring the first major resistance level at $0.3879 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.3850 levels.

Barring an extended rally, the first major resistance level and Monday’s high at $0.3878 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 $0.3966.

Failure to move back through the $0.3790 pivot would bring the first major support level at $0.3703 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 at $0.3614 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3703

First Major Resistance Level: $0.3879

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 2.76% on Monday. Reversing a 0.84% loss from Sunday, Tron’s TRX ended the day at $0.09015.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.08747 before making a move.

Steering clear of the first major support level at $0.08548, Tron’s TRX rose to a late morning intraday high $0.09179.

Tron’s TRX broke through the first major resistance level at $0.09022 before easing back to sub-$0.090 levels.

Finding late support, however, Tron’s TRX broke back through to $0.090 levels to deliver the upside on the day.

At the time of writing, Tron’s TRX was down by 1.83% to $0.08850. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09095 before falling to a low $0.08832.

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



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