EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 11th, 2021


For the day ahead

Stellar’s Lumen would need to move through the $0.3394 pivot and the 23.6% FIB of $0.3402 to bring the first major resistance level at $0.3497 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.3450 levels.

Barring an extended rally, the first major resistance level and Sunday’s high $0.3579 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.38 levels before any pullback. The second major resistance level sits at $0.3682.

Failure to move through the $0.3394 pivot and the 23.6% FIB of $0.3402 would bring the first major support level at $0.3209 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 at $0.3106 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3209

First Major Resistance Level: $0.3497

23.6% FIB Retracement Level: $0.3402

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX fell by 4.76% on Sunday. Partially reversing a 7.98% rally from Saturday, Tron’s TRX ended the week up by 2.51% to $0.09791.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.1034 before hitting reverse.

Falling short of the first major resistance level at $0.1067, Tron’s TRX slid to a late intraday low $0.09681.

Tron’s TRX fell through the 38.2% FIB of $0.09890 and the first major support level at $0.09790 before ending the day at $0.0979 levels.

At the time of writing, Tron’s TRX was down by 0.26% to $0.09765. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09665 before rising to a high $0.09823.

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



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