EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 22nd, 2021


For the day ahead

Stellar’s Lumen would need to avoid the $0.2217 pivot to bring the first major resistance level at $0.2365 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from this morning’s high $0.2307.

Barring an extended rally, the first major resistance level and resistance at $0.24 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.25 before any pullback. The second major resistance level sits at $0.2448.

A fall through the $0.2217 pivot would bring the first major support level at $0.2134 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.20 levels. The second major support level sits at $0.1986.

Looking at the Technical Indicators

First Major Support Level: $0.2134

First Major Resistance Level: $0.2365

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 rallied by 7.23% on Wednesday. Reversing a 5.61% slide from Tuesday, Tron’s TRX ended the day at $0.05399.

A bearish start to the day saw Tron’s TRX slide to an early morning intraday low $0.04956 before making a move.

Steering clear of the first major support level at $0.04803, Tron’s TRX rallied to a late afternoon intraday high $0.05544.

Tron’s TRX broke through the first major resistance level at $0.05359 before a late pullback.

The late pullback saw Tron’s TRX briefly fall back through the first major resistance level before ending the day at $0.0539 levels.

At the time of writing, Tron’s TRX was down by 1.53% to $0.05316. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.05440 before falling to a low $0.05293.

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



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