EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – October 6th, 2021


For the day ahead

Stellar’s Lumen would need to avoid the $0.3159 pivot to bring the first major resistance level at $0.3236 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.3204.

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 $0.33 levels before any pullback. The second major resistance level sits at $0.3280.

A fall through the $0.3159 pivot would bring the first major support level at $0.3115 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 $0.3038 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.3115

First Major Resistance Level: $0.3236

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 rallied by 2.94% on Tuesday. Reversing a 1.52% decline from Monday, Tron’s TRX ended the day at $0.09631.

A mixed start to the day saw Tron’s TRX rise to a late morning high $0.09664 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.09618 before sliding to an early afternoon intraday low $0.09279.

Steering clear of the first major support level at $0.09030, however, Tron’s TRX rallied to a late intraday high $0.09873 before easing back.

Tron’s TRX broke back through the first major resistance level at $0.09618 to end the day at $0.0963 levels.

At the time of writing, Tron’s TRX was up by 0.23% to $0.09653. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09550 before rising to a high $0.09680.

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



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