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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 28th, 2021

EOS

EOS rose by 5.61% on Sunday. Following a 1.01% gain from Saturday, EOS ended the week down by 16.24% to $3.7737.

A mixed start to the day saw EOS fall from an early morning high $3.6530 to a late intraday low $3.4871.

Steering clear of the first major support level at $3.3980, EOS rallied to a final hour intraday high $3.7782.

EOS broke through the first major resistance level at $3.7031 to end the day at $3.77 levels.

At the time of writing, EOS was up by 0.09% to $3.7721. A mixed start to the day saw EOS fall to an early morning low $3.7437 before rising to a high $3.8053.

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

EOSUSD 280621 Hourly Chart

For the day ahead

EOS would need to avoid the $3.6797 pivot to bring the first major resistance level at $3.8722 into play.

Support from the broader market would be needed for EOS to break out from the morning high $3.8053.

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

In the event of an extended rally, EOS could test resistance at $4.00. The second major resistance level sits at $3.9708.

A fall through the $3.6797 pivot and would bring the first major support level at $3.5811 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.3886.

Looking at the Technical Indicators

First Major Support Level: $3.5811

First Major resistance Level: $3.8722

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 rose by 4.13% on Sunday. Following a 3.57% gain from Saturday, Stellar’s Lumen ended week down by 12.68% to $0.2598.

A bullish start to the day saw Stellar’s Lumen rise to an early morning high $0.2585 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.2564 before sliding to a late intraday low $0.2393.

Steering clear of the first major support level at $0.2353, Stellar’s Lumen rallied to a final hour intraday high $0.2598.

Stellar’s Lumen broke back through the first major resistance level at $0.2564 to end the day at $0.259 levels.

At the time of writing, Stellar’s Lumen was down by 0.87% to $0.2576. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.2619 before falling to a low $0.2564.

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

XLMUSD 280621 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid the $0.2530 pivot to bring the first major resistance level at $0.2666 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.26 levels.

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

In the event of a broad-based crypto rally, Stellar’s Lumen could test the second major resistance level at $0.2735.

A fall through the $0.2530 pivot would bring the first major support level at $0.2461 into play.

Barring an extended sell-off on the day, Stellar’s Lumen should steer clear the second major support level at $0.2325.

Looking at the Technical Indicators

First Major Support Level: $0.2461

First Major Resistance Level: $0.2666

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 3.58% on Sunday. Following a 2.17% gain on Saturday, Tron’s TRX ended the week down by 4.07% to $0.06486.

After a mixed start to the day, Tron’s TRX fell to a late intraday low $0.06070 before making a move.

Steering clear of the first major support level at $0.05974, Tron’s TRX rallied to a final hour intraday high $0.06526 before easing back.

Tron’s TRX broke through the first major resistance level at $0.06435 to end the day at $0.0648 levels.

At the time of writing, Tron’s TRX was up by 0.21% to $0.06500. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.06528 before falling to a low $0.06406.

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

TRXUSD 280621 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.06361 pivot to bring the first major resistance level at $0.06651 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.066 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $0.067 would likely cap any upside.

In the event of a broad-based crypto rally, Tron’s TRX could test resistance at $0.070 before any pullback. The second major resistance level sits at $0.06817.

A fall through the $0.06361 pivot would bring the first major support level at $0.06195 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.060 levels. The second major support level sits at $0.05905.

Looking at the Technical Indicators

First Major Support Level: $0.06195

First Major Resistance Level: $0.6651

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