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EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – May 25th, 2021

EOS

EOS surged by 31.34% on Monday. Reversing a 15.95% slide from Sunday, EOS ended the day at $5.6493.

A mixed start to the day saw EOS fall to an early morning intraday low $4.1799 before making a move.

Steering clear of the first major support level at $3.4690, EOS rallied to a late intraday high $5.6493.

EOS broke through the first major resistance level at $5.1298.

At the time of writing, EOS was down by 1.97% to $5.5377. A mixed start to the day saw EOS rise to an early morning high $6.1036 before falling to a low $5.5174.

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

EOSUSD 250521 Hourly Chart

For the day ahead

EOS would need to avoid the $5.1595 pivot to bring the first major resistance level at $6.1391 into play.

Support from the broader market would be needed for EOS to break back through to $6.0 levels.

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

In the event of an extended breakout, EOS could test resistance at the 23.6% FIB of $6.52. The second major resistance level sits at $6.6289.

Failure to avoid the $5.1595 pivot and would bring the first major support level at $4.6697 into play.

Barring another extended sell-off, however, EOS should steer clear of sub-$4.00 levels. The second major support level at $3.6901.

Looking at the Technical Indicators

First Major Support Level: $4.6697

First Major resistance Level: $6.1391

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 20.86% on Monday. Reversing a 6.63% decline from Sunday, Stellar’s Lumen ended day at $0.4397.

A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.3620 before making a move.

Steering clear of the 62% FIB of $0.3216 and the major support levels, Stellar’s Lumen rallied to a mid-morning intraday high $0.4505.

Stellar’s Lumen broke through the first major resistance level at $0.4186 before a fall back to sub-$0.410 levels.

Finding late support, however, Stellar’s Lumen broke back through the first major resistance level to wrap up the day at $0.43 levels.

At the time of writing, Stellar’s Lumen was down by 1.65% to $0.4325. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.4550 before falling to a low $0.4293.

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

XLMUSD 250521 Hourly Chart

For the day ahead

Stellar’s Lumen would need to avoid the $0.4174 pivot to bring the first major resistance level at $0.4728 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from this morning’s high $0.4550.

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

In the event of a broad-based crypto rebound, Stellar’s Lumen could test resistance at the 38.2% FIB of $0.5035. The second major resistance level sits at $0.5059.

Failure to avoid the $0.4174 pivot would bring the first major support level at $0.3843 into play.

Barring another extended sell-off on the day, Stellar’s Lumen should steer clear of the second major support level at $0.3289.

A sustained fall through the 62% FIB of $0.3216 would form a near-term bearish trend from 16th May’s swing hi $0.7978.

Looking at the Technical Indicators

First Major Support Level: $0.3843

First Major Resistance Level: $0.4728

23.6% FIB Retracement Level: $0.6160

38% FIB Retracement Level: $0.5035

62% FIB Retracement Level: $0.3216

Tron’s TRX

Tron’s TRX rallied by 22.38% on Monday. Reversing a 16.57% slide from Sunday, Tron’s TRX ended the day at $0.07732.

Tracking the broader market, Tron’s TRX fell to an early morning intraday low $0.06195 before making a move.

Steering clear of the first major support level at $0.05329, Tron’s TRX rallied to a late intraday high $0.07732.

Tron’s TRX broke through the first major resistance level at $0.7518 and the 62% FIB of $0.7480 to wrap up the day at $0.77 levels.

At the time of writing, Tron’s TRX was down by 1.11% to $0.07646. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.08178 before falling to a low $0.07544.

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

TRXUSD 250521 Hourly Chart

For the Day Ahead

Tron’s TRX would need to avoid the 62% FIB of $0.07480 and the pivot at $0.07220 to bring the first major resistance level at $0.08244 into play.

Support from the broader market would be needed, however, for Tron’s TRX to break out from this morning’s high $0.08178.

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

In the event of a broad-based crypto rebound, Tron’s TRX could test resistance at $0.085 before any pullback. The second major resistance level sits at $0.08757.

Failure to avoid the 62% FIB and the $0.07220 pivot would bring the first major support level at $0.67070 into play.

Barring another extended sell-off, however, Tron’s TRX should steer clear of sub-$0.060 levels. The second major support level sits at $0.05683.

A sustained fall back through the 62% FIB of $0.0748 would form a near-term bearish trend from April’s swing hi $0.1844.

Looking at the Technical Indicators

First Major Support Level: $0.06707

First Major Resistance Level: $0.08244

23.6% FIB Retracement Level: $0.1426

38.2% FIB Retracement Level: $0.1167

62% FIB Retracement Level: $0.0748

Please let us know what you think in the comments below

Thanks, Bob