For the day ahead
Stellar’s Lumen would need to avoid the $0.2502 pivot to bring the first major resistance level at $0.2756 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.27 levels.
Barring an extended rally, the first major resistance level and resistance at $0.28 would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2955.
Failure to avoid a fall through the $0.2502 pivot would bring the first major support level at $0.2303 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear the second major support level at $0.2049.
A sustained fall through the 62% FIB of $0.3216 led to the formation a near-term bearish trend from 16th May’s swing hi $0.7978.
Looking at the Technical Indicators
First Major Support Level: $0.2303
First Major Resistance Level: $0.2756
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX surged by 13.39% on Wednesday. Reversing a 4.45% decline from Tuesday, Tron’s TRX ended the day at $0.05791.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.04947 before making a move.
Steering clear of the first major support level at $0.04588, Tron’s TRX rallied to an early afternoon intraday high $0.05796.
Tron’s TRX broke through the first major resistance level at $0.05648 before a fall back to $0.053 levels.
Finding late support, however, Tron’s TRX broke back through the first major resistance level to wrap up the day at $0.057 levels.
At the time of writing, Tron’s TRX was up by 5.09% to $0.06086. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.05763 to a high $0.06121.
Tron’s TRX broke through the first major resistance level at $0.06076 early on.