For the day ahead
Stellar’s Lumen would need to move back through to $0.04800 levels to support a run at the first major resistance level at $0.04882.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.047936.
Barring a broad-based crypto rally, the first major resistance level would likely limit any upside on the day.
Failure to move back through to $0.04800 levels could see Stellar’s Lumen struggle throughout the day.
A fall through the morning low $0.0473130 would bring the first major support level at $0.046360 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer well clear of sub-$0.04600 levels.
Looking at the Technical Indicators
Major Support Level: $0.04636
Major Resistance Level: $0.04882
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX fell by 2.84% on Wednesday. Following on from a 3% slide from Tuesday, Tron’s TRX ended the day at $0.013991.
A relatively bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.014595.
Falling short of the first major resistance level at $0.01466, Tron’s TRX slid to a late afternoon intraday low $0.013779.
The sell-off saw Tron’s TRX fall through the first major support level at $0.01399 before finding support.
A recovery to $0.014 levels was brief, however, with Tron’s TRX wrapping up the day at sub-$0.014 levels.
The first major support level at $0.01399 limited the downside on the day.
At the time of writing, Tron’s TRX was up by 0.34% to $0.014038. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.013995 to a high $0.014038.
Tron’s TRX left the major support and resistance levels untested early on.