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 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.