EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 1st, 2021

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.3927 pivot to bring the first major resistance level at $0.4198 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.4150 levels.

Barring an extended rally, the first major resistance level and resistance at $0.42 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.45 levels. The second major resistance level sits at $0.4372.

Failure to avoid a fall through the $0.3927 pivot would bring the first major support level at $0.3753 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.35 levels. The second major support level sits at $0.3482.

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: $0.3753

First Major Resistance Level: $0.4198

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 7.18% on Monday. Following a 4.59% gain on Sunday, Tron’s TRX ended the month down by 41.92% to $0.07686.

Tracking the broader market, Tron’s TRX fell to an early morning intraday low $0.06958 before making a move.

Steering clear of the first major support level at $0.06750, Tron’s TRX rallied to a late intraday high $0.07730 before easing back.

Tron’s TRX broke through the first major resistance level at $0.07475 and the 62% FIB of $0.07480 to end the day at $0.76 levels.

At the time of writing, Tron’s TRX was up by 0.73% to $0.07742. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.07578 before rising to a high $0.07850.

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

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