EOS
EOS rose by 3.24% on Wednesday. Reversing a 2.04% slide from Tuesday, EOS ended the day at $2.6105.
It was a mixed start to the day. EOS fell to an early morning intraday low $2.5129 before making a move.
Steering clear of the first major support level at $2.4856, EOS rallied to a final hour intraday high $2.7264.
EOS broke through the first major resistance level at $2.5800 and the second major resistance level at $2.6314.
Coming up against the third major resistance level at $2.7258, EOS slid back to $2.55 levels. Finding support from the broader market, however, EOS recovered to wrap up the day at $2.61 levels.
At the time of writing, EOS was up by 1.21% to $2.6419. A mixed start to the day saw EOS fall to an early morning low $2.5987 before rising to a high $2.6494.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall back through the $2.6166 pivot level to support a run at the first major resistance level at $2.7203.
Support from the broader market would be needed, however, for EOS to break back through to $2.70 levels
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall back through the pivot level at $2.6166 would bring the first major support level at $2.5068 into play.
Barring another extended sell-off, however, EOS should steer of sub-$2.50 levels and the second major support level at $2.4031.
Looking at the Technical Indicators
First Major Support Level: $2.5068
First Major resistance Level: $2.7203
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 3.68% on Wednesday. Partially reversing a 5.01% slide from Tuesday, Stellar’s Lumen ended the day at $0.083896.
It was a bearish start to the day. Stellar’s Lumen fell to an early morning intraday low $0.080452 before making a move.
Steering well clear of the first major support level at $0.07866, Stellar’s Lumen rallied to a late afternoon intraday high $0.086657.
Stellar’s Lumen broke through the first major resistance level at $0.08501 before falling back to sub-$0.084 levels.
At the time of writing, Stellar’s Lumen was up by 1.02% to $0.084753. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.083824 to a high $0.084907.
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 through the $0.08367 pivot to support a run at the first major resistance level at $0.08688.