EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 12th, 2021


For the day ahead

Stellar’s Lumen would need to move through the 23.6% FIB and the $0.3425 pivot to bring the first major resistance level at $0.3594 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 Monday’s high $0.3575 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 $0.3744.

Failure to move back through 23.6% FIB and the $0.3425 pivot would bring the first major support level at $0.3275 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: $0.3275

First Major Resistance Level: $0.3594

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 0.77% on Monday. Following a 4.76% slide on Sunday, Tron’s TRX ended the day at $0.09716.

A mixed start to the day saw Tron’s TRX rise to a mid-morning intraday high $0.1013 before hitting reverse.

Coming within range of the first major resistance level at $0.1019, Tron’s TRX slid to a late intraday low $0.09471.

Tron’s TRX fell through the 38.2% FIB of $0.09890 and the first major support level at $0.09535.

Finding late support, however, Tron’s TRX broke back through the first major support level to end the day at $0.097 levels.

At the time of writing, Tron’s TRX was down by 1.51% to $0.09569. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09716 before falling to a low $0.09503.

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



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