For the day ahead
Stellar’s Lumen would need to move through the $0.4449 pivot to bring the first major resistance level at $0.4689 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.46 levels.
Barring an extended rally, the first major resistance level and Wednesday’s high $0.4703 would likely cap any upside.
In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at the 38.2% FIB of $0.5035. The second major resistance level sits at $0.4942.
Failure to move through the $0.4449 pivot would bring the first major support level at $0.4196 into play.
Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.40 levels. The second major support level sits at $0.3956.
A sustained fall through the 62% FIB of $0.3216 would form a near-term bearish trend from 16th May’s swing hi $0.7978.
Looking at the Technical Indicators
First Major Support Level: $0.4196
First Major Resistance Level: $0.4689
23.6% FIB Retracement Level: $0.6160
38% FIB Retracement Level: $0.5035
62% FIB Retracement Level: $0.3216
Tron’s TRX rallied by 7.46% on Wednesday. Following a 0.28% gain on Tuesday, Tron’s TRX ended the day at $0.08331.
Tracking the broader market, Tron’s TRX fell to an early morning intraday low $0.07573 before making a move.
Steering clear of the first major support level at $0.07721, Tron’s TRX rallied to a mid-morning intraday high $0.08471.
Tron’s TRX broke through the first major resistance level at $0.08222 before a pullback to $0.078 levels.
Finding late support, however, Tron’s TRX broke back through the first major resistance level to end the day at $0.083 levels.
At the time of writing, Tron’s TRX was down by 1.91% to $0.08172. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.08364 before falling to a low $0.08045.
Tron’s TRX left the major support and resistance levels untested early on.