EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 28th, 2021


For the day ahead

Stellar’s Lumen would need to move back through the $0.2616 pivot to bring the first major resistance level at $0.2718 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.2703.

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

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.28 before any pullback. The second major resistance level sits at $0.2806.

Failure to move back through the $0.2616 pivot would bring the first major support level at $0.2528 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.24 levels. The second major support level at $0.2426 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2528

First Major Resistance Level: $0.2718

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 2.60% on Tuesday. Following a 0.71% gain on Monday, Tron’s TRX ended the day at $0.06003.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.05671 before making a move.

Steering clear of the first major support level at $0.05609, Tron’s TRX rallied to an early afternoon intraday high $0.06111.

Falling short of the first major resistance level at $0.6236, however, Tron’s TRX eased back to end the day at sub-$0.06010 levels.

At the time of writing, Tron’s TRX was up by 0.36% to $0.6024. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.05954 before rising to a high $0.06105

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



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