For the day ahead
Stellar’s Lumen would need to move through the $0.3605 pivot to bring the first major resistance level at $0.3780 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.37 levels.
Barring an extended rally, the first major resistance level would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.40 before any pullback. The second major resistance level sits at $0.4097.
Failure to move through the $0.3605 pivot would bring the first major support level at $0.3288 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3113. 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: $0.3288
First Major Resistance Level: $0.3780
23.6% FIB Retracement Level: $0.6160
38% FIB Retracement Level: $0.5035
62% FIB Retracement Level: $0.3216
Tron’s TRX slid by 7.93% on Monday. Reversing a 2.66% gain from Sunday, Tron’s TRX ended the day at $0.07154.
A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.07897 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.07864 before sliding to a late intraday low $0.07097.
The reversal saw Tron’s TRX fall through the day’s major support levels and the 62% FIB of $0.07480.
At the time of writing, Tron’s TRX was down by 0.21% to $0.07139. A choppy start to the day saw Tron’s TRX rise to an early morning high $0.07289 before falling to a low $0.07080.
Tron’s TRX left the major support and resistance levels untested early on.