EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 9th, 2021

For the day ahead

Stellar’s Lumen would need to move back through the $0.3389 pivot to bring the first major resistance level at $0.3675 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.3568.

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 $0.38 before any pullback. The second major resistance level sits at $0.3855.

Failure to move back through the $0.3389 pivot would bring the 62% FIB of $0.3216 and the first major support level at $0.3209 back into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.30 levels. The second major support level sits at $0.2923.

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: $0.3209

First Major Resistance Level: $0.3675

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 1.37% on Tuesday. Partially reversing a 7.93% slide from Monday, Tron’s TRX ended the day at $0.07250.

After a mixed start to the day, Tron’s TRX fell to a mid-afternoon intraday low $0.06703 before making a move.

Tron’s TRX fell through the first major support level at $0.06868 before rising to a late intraday high $0.07351.

Falling short of the 62% FIB of $0.07480 and the first major resistance level at $0.07668, Tron’s TRX eased back to end the day at sub-$0.073 levels.

At the time of writing, Tron’s TRX was down by 1.26% to $0.07159. A choppy start to the day saw Tron’s TRX rise to an early morning high $0.07315 before falling to a low $0.06937.

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

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