For the day ahead
Stellar’s Lumen would need to move through Wednesday’s high $0.08277 to support a run at the first major resistance level at $0.083720.
Support from the broader market would be needed, however, for Stellar’s Lumen to break through to $0.082 levels.
Barring a broad-based crypto rebound, resistance at $0.083 would likely limit any upside on the day.
Failure to move through Wednesday’s high $0.08277 could see Stellar’s Lumen hit reverse.
A fall back through the morning low $0.080214 to sub-$0.0790 levels would bring the first major support level at $0.074820 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.079 levels on the day.
Looking at the Technical Indicators
Major Support Level: $0.07482
Major Resistance Level: $0.08372
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX rallied by 5.03% on Wednesday. Following on from a 3.16% gain on Tuesday, Tron’s TRX ended the day at $0.023972.
Tracking the broader market, Tron’s TRX rallied from an early intraday low $0.022825 to an early afternoon intraday high $0.024267.
Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.02332 and the second major resistance level at $0.02386.
A brief dip to $0.02344 levels saw Tron’s TRX fall back through the second major resistance level before bouncing back to wrap up the day at $0.0239 levels.
At the time of writing, Tron’s TRX was up by 2.24% to $0.024510. A bullish start to the day saw Tron’s TRX rally from an early morning low $0.023886 to a high $0.024510.
Steering clear of the major support levels, Tron’s TRX came up against the first major resistance level at $0.02455 early on.