In This Article:
EOS
EOS rose by 2.89% on Wednesday. Partially reversing a 9.63% slide from Tuesday, EOS ended the day at $5.2087.
A mixed start to the day saw EOS rise to an early morning high $5.2108 before hitting reverse.
Falling short of the first major resistance level at $5.5456, EOS slid to a late morning intraday low $4.9106.
Steering clear of the first major support level at $4.7295, however, EOS rose to a late intraday high $5.2587.
Continuing to fall short of the major resistance levels, EOS eased back to end the day at sub-$5.21 levels.
At the time of writing, EOS was up by 0.70% to $5.2453. A mixed start to the day saw EOS fall to an early morning low $5.2402 before rising to a high $5.2647.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid the $5.1260 pivot to bring the first major resistance level at $5.3414 into play.
Support from the broader market would be needed to break back through to $5.30 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, EOS could test resistance at $5.50 before any pullback. The second major resistance level sits at $5.4741.
A fall through the $5.1260 pivot would bring the first major support level at $4.9933 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$4.50 levels. The second major support level at $4.7779 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4.9933
First Major resistance Level: $5.3414
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 2.46% on Wednesday. Partially reversing a 7.47% slide from Tuesday, Stellar’s Lumen ended the day at $0.3588.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.3598 before hitting reverse.
Falling short of the first major resistance level at $0.3707, Stellar’s Lumen tumbled to a late morning intraday low $0.3416.
Steering clear of the first major support level at $0.3403, however, Stellar’s Lumen revisited $0.359 levels before easing back.
At the time of writing, Stellar’s Lumen was up by 0.58% to $0.3609. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.3560 before rising to a high $0.3635.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid the $0.3534 pivot to bring the first major resistance level at $0.3652 into play.