EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 29th, 2021


For the day ahead

Stellar’s Lumen would need to move back through the $0.2700 pivot to bring the first major resistance level at $0.2817 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.28 levels.

Barring an extended rally, the first major resistance level and Wednesday’s high $0.2816 would likely cap any upside.

In the event of another broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2934.

Failure to move back through the $0.2700 pivot would bring the first major support level at $0.2583 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.25 levels. The second major support level sits at $0.2466.

Looking at the Technical Indicators

First Major Support Level: $0.2583

First Major Resistance Level: $0.2817

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 1.37% on Wednesday. Following a 2.60% gain on Tuesday, Tron’s TRX ended the day at $0.06084.

After a mixed start to the day, Tron’s TRX rose to a late morning intraday high $0.06225 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.06186 before sliding to a late afternoon intraday low $0.05937.

Steering clear of the first major support level at $0.05746, however, Tron’s TRX broke back through to $0.060 levels to end the day in positive territory.

At the time of writing, Tron’s TRX was down by 2.33% to $0.05942. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06123 before falling to a low $0.05888.

Tron’s TRX tested the first major support level at $0.05939 early on.



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