For the day ahead
Stellar’s Lumen would need to avoid a fall back through the $0.2680 pivot to bring the first major resistance level at $0.2808 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.2750 levels.
Barring an extended rally, the first major resistance level and Wednesday’s high $0.2792 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.30 before any pullback. The second major resistance level sits at $0.2921.
A fall back through the $0.2680 pivot would bring the first major support level at $0.2567 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.25 levels. The second major support level sits at $0.2567.
Looking at the Technical Indicators
First Major Support Level: $0.2567
First Major Resistance Level: $0.2808
23.6% FIB Retracement Level: $0.3402
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX rose by 3.72% on Wednesday. Partially reversing a 3.18% slide from Tuesday, Tron’s TRX ended the day at $0.08598.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.08238 before making a move.
Steering clear of the first major support level at $0.08116, Tron’s TRX rallied to a mid-day intraday high $0.08813.
Tron’s TRX broke through the first major resistance level at $0.08615 before briefly falling back to sub-$0.085 levels.
At the time of writing, Tron’s TRX was up by 0.33% to $0.08626. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.08533 before rising to a high $0.08649.
Tron’s TRX left the major support and resistance levels untested early on.