Vasil Hard Fork continues to support the $0.60 target

ADAUSD 060922 Daily Chart

Technical Indicators

ADA needs to avoid a fall through the $0.496 pivot to re-target the first major resistance (R1) at $0.509 and the morning rally at $0.510. With the history of Vasil hard fork in place, exchange upgrades should continue to provide ADA price support.

In the event of an extended crypto rally, ADA may test the second major resistance level (R2) at $0.520. The third major resistance level (R3) is located at $0.544.

A fall through the pivot will trigger the first major support level (S1) at $0.485. However, excluding an extended sell-off, ADA is likely to avoid below $0.48 and the second major support level (S2) at $0.472.

The third major support level (S3) is located at $0.448.

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