It is another mixed start today in the financial space. However, top crypto assets will have to hold their pivot levels to prevent plunges.
Monday early sessions had EOS falling by 3.07%. The token ended yesterday at around $5.5193 after losing a portion of the 3.82% Sunday gains.
Meanwhile, yesterday’s mixed actions had EOS rising to $5.9497 highs before reversing. With that, the crypto managed to overpower its initial massive resistance zone at $5.8991 before plunging to $5.4545 intraday lows.
EOS revisited the levels at $5.66 after breaching its critical support at around $5.3184.
While publishing this content, EOS trades near $5.5000 following a 0.35% drop. Unpredictable movements early in the morning had the coin falling to $5.1972 before climbing to the $5.6048 highs.
Now, what holds EOS’s day ahead? The crypto has to keep away the pivot at $5.6412 to test its initial resistance at $5.8278. However, the asset needs broader market support to prevent losses that would have it down to the sub-$5.80 zones.
- First critical support zone – $5.3326
- First critical resistance zone – $5.8278
- 6% Fibonacci retracement – $6.52
- 38% Fibonacci retracement – $9.68
- 62% Fibonacci retracement – $14.77
Monday crypto actions saw Stellar’s Lumen dropping by 4.99%. With the 0.94% drop on Sunday, the alternative coin ended its day at around $0.3716.
Mixed early sessions yesterday witnessed Stellar’s Lumen climbing to $0.4100 highs in the morning before reversing.
However, the coin overcame its initial resistance at $0.4064 before dropping to the $0.3705 intraday lows in the afternoon.
Stellar’s Lumen dropped beneath its initial support area at $0.3733 before a brief revisit to $0.38.
Bearishness towards the end of the day had the crypto falling through its initial support, ending the day near the sub-$0.3720.
While publishing this, Stellar’s Lumen hovered at $0.3732 after a 0.42% surge. Meanwhile, the unpredictable morning saw the alt falling to $0.3570 before climbing to $0.3757 highs.
What of the moves today? Stellar’s Lumen has to overpower the pivot at $0.3840 to engage its initial resistance at $0.3976.
- First critical support zone – $0.3581
- First critical resistance zone – $0.3976
- 6% Fibonacci retracement – $0.3402
- 38% Fibonacci retracement – $0.4277
- 62% Fibonacci retracement – $0.5690