CryptocurrencyPrice Analysis

Stellar’s Lumen, EOS Daily Analysis – 2 November

After bearishness at the start of the week, altcoins need to overpower Monday’s peaks to keep the red area away.


EOS lost 0.28% yesterday. With Sunday’s 3.64% surge, the altcoin traded near $4.6320 towards the end of the day. However, impressive actions at the start of the day had EOS surging to an intraday peak of $4.7226 before reversing.

Meanwhile, the failure to overpower the first massive resistance at $4.7946 had EOS sliding towards an intraday low of $4.4642. The alternative coin declined under the support of $4.4710 before revisiting $4.70. However, a late retracement saw EOS exploring the sub-$4.65 and entering the red.

While publishing this article, EOS hovered at $4.6141, following a 0.39% drop. However, early sessions witnessed the alt falling to $4.5623 before climbing to a $4.6965 high. The asset did not test its critical resistance and support level.

EOS’s Day Ahead

EOS should keep the pivot at $4.6063 away to test the first crucial resistance at $4.7483. Meanwhile, broad market support is necessary for EOS to rally past Monday’s high at $4.7226. The first resistance might prevent the coin’s surges with weak upside momentum.

However, an extended rally can see the coin testing the resistance near $5.00 before retracement follow. The 2nd resistance stands at $4.8647. On the other hand, violating the pivot at $4.6063 can take EOS to support $4.4899.

Technical Indicators

  • First Support Level – $4.4899
  • First resistance Level – $4.7483
  • 6% Fibonacci Retracement Level – $6.52
  • 38% Fibonacci Retracement Level – $9.68
  • 62% Fibonacci Retracement Level – $14.77

Stellar’s Lumen

Stellar’s Lumen declined by 1.82% yesterday, partially reversing Sunday’s 4.04% upswing. The alt ended the day near $0.3663. Unpredictable sessions had Lumen surging to $0.3759 before retracing. Meanwhile, failure to challenge the $0.3759 resistance saw the crypto plummeting to $0.3577. However, the altcoin revisited $0.37 before dipping in the red.

While publishing these updates, the crypto has its price actions at $0.3675 following a 0.08% surge. Meanwhile, mixed moves in the morning witnessed Stellar’s Lumen rising to $0.3684 before plunging to $0.3631.

Stellar’s Lumen Day Ahead

Stellar’s Lumen should avoid a dip through the pivot at $0.3666 to explore the resistance at $0.3756. Market support is vital for the crypto to crack the levels at $0.37. However, weak buying movements might have Monday peaks of $0.3759, preventing further upsurges.

Technical Indicators

  • First Support Level – $0.3574
  • First Resistance Level – $0.3756
  • 6% Fibonacci Retracement Level – $0.3402
  • 38% Fibonacci Retracement Level – $0.4277
  • 62% Fibonacci Retracement Level – $0.5690

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