For the day ahead
Stellar’s Lumen would need to avoid the $0.3260 pivot to bring the 23.6% FIB of $0.3402 and the first major resistance level at $0.3472 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.34 levels.
Barring an extended rally, the first major resistance level and resistance at $0.35 would likely cap the upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.3644 before any pullback.
A fall through the $0.3260 pivot would bring the first major support level at $0.3088 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 sits at $0.2876.
Looking at the Technical Indicators
First Major Support Level: $0.3088
First Major Resistance Level: $0.3472
23.6% FIB Retracement Level: $0.
38% FIB Retracement Level: $0.4277
62% FIB Retracement Level: $0.5690
Tron’s TRX rallied by 8.01% on Wednesday. Partially reversing a 17.38% slide from Tuesday, Tron’s TRX ended the day at $0.09262.
A mixed start to the day saw Tron’s TRX fall to a late morning intraday low $0.08315 before making a move.
Steering clear of the 23.6% FIB of $0.07870 and the first major support level at $0.07300, Tron’s TRX rose to a mid-day intraday high $0.09702.
Falling short of the 38.2% FIB of $0.09890 and the first major resistance level at $0.10246, Tron’s TRX eased back to end the day at sub-$0.093 levels.
At the time of writing, Tron’s TRX was down by 0.15% to $0.09248. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.09340 before falling to a low $0.09196.
Tron’s TRX left the major support and resistance levels untested early on.