EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 16th, 2021


For the day ahead

Stellar’s Lumen would need to move through the $0.3384 pivot to bring the first major resistance level at $0.3471 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.34 levels.

Barring an extended rally, the first major resistance level and Tuesday’s high $0.3519 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.37 before any pullback. The second major resistance level sits at $0.3605.

Failure to move through the $0.3384 pivot would bring the first major support level at $0.3250 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3163. The 62% FIB of $0.3216 should limit the downside.

A sustained fall through the 62% FIB of $0.3216 would form a near-term bearish trend from 16th May’s swing hi $0.7978.

Looking at the Technical Indicators

First Major Support Level: $0.3250

First Major Resistance Level: $0.3471

23.6% FIB Retracement Level: $0.6160

38% FIB Retracement Level: $0.5035

62% FIB Retracement Level: $0.3216

Tron’s TRX

Tron’s TRX rose by 0.24% on Tuesday. Following a 0.46% gain on Monday, Tron’s TRX ended the day at $0.07191.

A mixed start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.07333 before hitting reverse.

Coming up against the first major resistance level at $0.07324, Tron’s TRX slid to a mid-afternoon intraday low $0.07065.

Steering clear of the first major support level at $0.7008, Tron’s TRX revisited $0.073 levels before easing back.

The first major resistance level at $0.07324 continued to pin Tron’s TRX back on the day.

At the time of writing, Tron’s TRX was down by 0.33% to $0.07168. A bearish start to the day saw fall from an early morning high $0.07191 to a low $0.07084.

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



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