Down to $0.420 in the hands of IOHK updates

ADAUSD 271022 Daily Chart

Technical Indicators

ADA needs to avoid the $0.403 pivot to re-target the first major resistance (R1) at $0.412 and the morning rally at $0.413. A return to $0.410 indicates another bullish session. But US economic indicators should be crypto-friendly, and today’s IOHK update will need to impress in support of the hack session.

If the rally continues, the second major resistance level (R2) at $0.420 is likely to come into play. The third major resistance level (R3) is located at $0.437.

A fall through the pivot would place the first major support level (S1) at $0.395. However, barring an extended sell-off, ADA should avoid below $0.390 and another major support level at $0.386. The third major support level (S3) is located at $0.369.

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