For the day ahead
Stellar’s Lumen would need to avoid the $0.2822 pivot to bring the first major resistance level at $0.3037 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.30 levels.
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 $0.32 before any pullback. The second major resistance level sits at $0.3146.
A fall through the $0.2822 pivot would bring the first major support level at $0.2713 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.27 levels. The second major support level sits at $0.2498.
Looking at the Technical Indicators
First Major Support Level: $0.2713
First Major Resistance Level: $0.3037
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX jumped by 12.04% on Wednesday. Reversing a 3.62% fall from Tuesday, Tron’s TRX ended the day at $0.09892.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.08648 before making a move.
Steering clear of the first major support level at $0.08446, Tron’s TRX rallied to a late afternoon intraday high $0.09906.
Tron’s TRX broke through the first major resistance level at $0.09396 and the 38.2% FIB of $0.09890.
Falling short of the second major resistance level at $0.09965, however, Tron’s TRX eased back to end the day at sub-$0.099 levels. Late in the day, Tron’s TRX found support at the 38.2% FIB of $0.09890.
At the time of writing, Tron’s TRX was down by 0.10% to $0.09882. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.09771 before rising to a high $0.09962.
While leaving the major support and resistance levels untested, Tron’s TRX tested resistance at the 38.2% FIB of $0.09890 early on.