EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 5th, 2021


For the day ahead

Stellar’s Lumen would need to avoid the $0.3076 pivot to bring the first major resistance level at $0.3184 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.3155.

Barring an extended rally, the first major resistance level and resistance at $0.32 would likely cap the upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.33 levels before any pullback. The second major resistance level sits at $0.3263.

A fall through the $0.3076 pivot would bring the first major support level at $0.2997 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.29 levels. The second major support level sits at $0.2889.

Looking at the Technical Indicators

First Major Support Level: $0.2997

First Major Resistance Level: $0.3184

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 1.52% on Monday. Partially reversing a 2.20% gain from Sunday, Tron’s TRX ended the day at $0.09356.

A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.09554 before hitting reverse.

Falling short of the first major resistance level at $0.09761, Tron’s TRX slid to a mid-afternoon intraday low $0.08966.

Tron’s TRX fell through the first major support level at $0.09294 and the second major support level at $0.09038.

Steering clear of the third major support level at $0.08571, however, Tron’s TRX broke back through the major support levels to end the day at $0.093 levels.

At the time of writing, Tron’s TRX was down by 0.51% to $0.09308. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09226 before rising to a high $0.09509.

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



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