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ADAUSD 240922 Daily Chart

Technical Indicators

ADA needs to avoid falling across the $0.463 pivot to target the first major resistance (R1) at $0.481 and Friday’s high at $0.482. The fork update should remain positive to support a return to $0.480.

In the event of an extended crypto rally, ADA may test the second major resistance (R2) at $0.499 and the resistance at $0.500. The third major resistance level (R3) is located at $0.535.

A fall through the pivot would place the first major support level (S1) at $0.445. Excluding an extended sell-off, ADA should avoid below $0.440 and the second major support level (S2) at $0.427. The third major support level (S3) is located at $0.391.

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