EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 2nd, 2021

For the day ahead

Stellar’s Lumen would need to move through the $0.2830 pivot to bring the first major resistance level at $0.2932 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.29 levels.

Barring an extended rally, the first major resistance level and Sunday’s high $0.3011 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.32 before any pullback. The second major resistance level sits at $0.3113.

Failure to move through the $0.2830 pivot would bring the first major support level at $0.2649 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.26 levels. The second major support level sits at $0.2547.

Looking at the Technical Indicators

First Major Support Level: $0.2649

First Major Resistance Level: $0.2932

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 2.07% on Sunday. Partially reversing a 5.70% rally from Saturday, Tron’s TRX ended the week up by 8.41% to $0.06299.

After a mixed start to the day, Tron’s TRX rose to a late morning intraday high $0.06702 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.06556 and the second major resistance level at $0.06682.

The reversal saw Tron’s TRX slide to a late intraday low $0.06233.

Tron’s TRX fell through the first major support level at $0.06259 before ending the day at $0.0629 levels.

At the time of writing, Tron’s TRX was down by 0.41% to $0.06273. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06416 before falling to a low $0.06160.

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

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