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 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.