EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 26th, 2021

For the day ahead

Stellar’s Lumen would need to avoid the $0.3823 pivot to bring the first major resistance level at $0.3939 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.3885.

Barring an extended rally, the first major resistance level would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.40 levels before any pullback. The second major resistance level sits at $0.3998.

A fall through the $0.3823 pivot would bring the first major support level at $0.3764 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of the 23.6% FIB of $0.3402. The second major support level at $0.3648 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3764

First Major Resistance Level: $0.3939

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 rose by 1.08% on Monday. Partially reversing a 1.36% decline from Sunday, Tron’s TRX ended the day at $0.1003.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.09828 before making a move.

While steering clear of the first major support level at $0.09677, Tron’s TRX fell through the 38.2% FIB of $0.09890.

Finding early morning support, however, Tron’s TRX rallied to a late morning intraday high $0.1018.

Coming up against the first major resistance level at $0.1018, Tron’s TRX slid back to sub-$0.10 levels before finding support.

Through the afternoon, Tron’s TRX revisited $0.1018 levels before easing back. The first major resistance level pegged Tron’s TRX back once more.

At the time of writing, Tron’s TRX was up by 0.91% to $0.1012. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.1014 before falling to a low $0.09995.

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

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