EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 30th, 2021

EOS

EOS rallied by 7.20% on Tuesday. Following a 1.98% gain on Monday, EOS ended the day at $4.1261.

A mixed start to the day saw EOS fall to an early morning intraday low $3.8419 before making a move.

Steering clear of the first major support level at $3.7077, EOS rallied to an early afternoon intraday high $4.2970.

EOS broke through the first major resistance level at $3.9690 and the second major resistance level at $4.0889.

A bearish afternoon saw EOS briefly fall back through the second major resistance level before ending the day at $4.12 levels.

At the time of writing, EOS was up by 3.88% to $4.2861. A mixed start to the day saw EOS fall to an early morning low $4.0649 before rallying to a high $4.3027.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to avoid the $4.0883 pivot to bring the first major resistance level at $4.3348 into play.

Support from the broader market would be needed for EOS to breakout from this morning’s high $4.3027.

Barring a broad-based crypto rally, the first major resistance level and resistance at $4.40 would likely cap any upside.

In the event of an extended rally, EOS could test resistance at $4.60. The second major resistance level sits at $4.5434.

A fall through the $4.0883 pivot and would bring the first major support level at $3.8797 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.80 levels. The second major support level sits at $3.6332.

Looking at the Technical Indicators

First Major Support Level: $3.8797

First Major resistance Level: $4.3348

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Stellar’s Lumen

Stellar’s Lumen rallied by 7.40% on Tuesday. Following a 1.46% gain on Monday, Stellar’s Lumen ended the day at $0.2831.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.2624 before making a move.

Steering clear of the first major support level at $0.2564, Stellar’s Lumen rallied to an early afternoon intraday high $0.2938.

Stellar’s Lumen broke through the day’s major resistance levels before a pullback through the third major resistance level at $0.2904.

At the time of writing, Stellar’s Lumen was up by 0.76% to $0.2852. A mixed start to the day saw Stellar’s Lumen slide to an early morning low $0.2774 before rising to a high $0.2861.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.2798 pivot to bring the first major resistance level at $0.2971 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.2938.

Barring an extended rally, the first major resistance level and resistance at $0.30 would likely cap any upside.

In the event of a broad-based crypto rally, Stellar’s Lumen could test resistance at $0.32 before any pullback. The second major resistance level sits at $0.3112.

A fall back through the $0.2798 pivot would bring the first major support level at $0.2657 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear of sub-$0.26 levels. The second major support level sits at $0.2484.

Looking at the Technical Indicators

First Major Support Level: $0.2657

First Major Resistance Level: $0.2971

23.6% FIB Retracement Level: $0.3402

38% FIB Retracement Level: $0.4277

62% FIB Retracement Level: $0.5690

Tron’s TRX

Tron’s TRX rose by 3.57% on Tuesday. Following a 1.02% gain on Monday, Tron’s TRX ended the day at $0.06787.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.06503 before making a move.

Steering clear of the first major support level at $0.06410, Tron’s TRX rallied to an early afternoon intraday high $0.07019.

Tron’s TRX broke through the first major resistance level at $0.06693 and the second major resistance level at $0.06832.

Bearish through the afternoon, however, Tron’s TRX fell back through the second major resistance level to end the day at sub-$0.068 levels.

At the time of writing, Tron’s TRX was up by 1.33% to $0.06877. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.06669 before rising to a high $0.06886.

Tron’s TRX left the major support and resistance levels untested early on.

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.06770 pivot to bring the first major resistance level at $0.07036 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the Tuesday’s high $0.07019.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended rally, Tron’s TRX could test resistance at $0.075 before any pullback. The second major resistance level sits at $0.07286.

A fall back through the $0.06770 pivot would bring the first major support level at $0.06520 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.065 levels. The second major support level sits at $0.06254.

Looking at the Technical Indicators

First Major Support Level: $0.06520

First Major Resistance Level: $0.07036

23.6% FIB Retracement Level: $0.0787

38.2% FIB Retracement Level: $0.0989

62% FIB Retracement Level: $0.1316

Please let us know what you think in the comments below

Thanks, Bob