EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 6th, 2021


For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.2574 pivot to bring the first major resistance level at $0.2640 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.26 levels.

Barring an extended rally, the first major resistance level and Monday’s high $0.2679 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.2744.

A fall back through the $0.2574 pivot would bring the first major support level at $0.2470 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 $0.2404 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2470

First Major Resistance Level: $0.2640

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 fell by 4.52% on Monday. Reversing a 0.70% gain from Sunday, Tron’s TRX ended the day at $0.06436.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.06775 before hitting reverse.

Falling short of the first major resistance level at $0.06893, Tron’s TRX slid to a late afternoon intraday low $0.06332.

Tron’s TRX fell through the first major support level at $0.06548 and the second major support level at $0.06354.

Steering clear of sub-$0.063 levels, Tron’s TRX broke back through the major support levels before a pullback to sub-$0.065 levels.

The late pullback saw Tron’s TRX fall back through the first major support level to end the day at $0.0643 levels.

At the time of writing, Tron’s TRX was up by 1.29% to $0.06519. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06429 before rising to a high $0.06560.

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



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