For the day ahead
Stellar’s Lumen would need to hold above the first major resistance level to support a run at the second major resistance level at $0.04957.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.049120.
Barring an extended crypto rally, the first major resistance level would likely limit any upside on the day.
Failure to hold above the first major resistance level could see Stellar’s Lumen hit reverse.
A fall back through to sub-$0.04820 levels would bring the first major support level at $0.04743 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer well clear of sub-$0.04800 levels.
Looking at the Technical Indicators
Major Support Level: $0.04743
Major Resistance Level: $0.04881
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX fell by 2.18% on Monday. Reversing a 2.24% rally from Sunday, Tron’s TRX ended the day at $0.014687.
A bearish start to the day saw Tron’s TRX slide from an early morning intraday high $0.015015 to an early afternoon intraday low $0.014554.
In spite of the sell-off, Tron’s TRX held above the first major support level at $0.01453.
Late in the day, Tron’s TRX revisited $0.01470 levels before easing back.
At the time of writing, Tron’s TRX was up by 1.7% to $0.014936. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.014717 to a high $0.15002.
Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.014950.