Cardano Price Holds $0.76 Support as Hydra Upgrade Fuels Bullish Momentum

Cardano sustains support at $0.70–$0.76, backed by Fibonacci, POC, and Bollinger Band alignment.

Hydra Node 1 launch enhances network scalability, improving transaction speed and reducing costs.

Bullish momentum remains intact with a potential price target of $1.44 if support levels hold firm.

Cardano has maintained stability above the $0.76 mark after a period of market correction, signaling renewed investor confidence. The price action remains steady within a critical support range between $0.70 and $0.76, an area strengthened by a confluence of technical factors. This zone aligns with the 0.618 Fibonacci retracement level, the Point of Control where significant trading volume has accumulated, and the lower Bollinger Band. The strong alignment of these indicators suggests that buying interest remains active in this region.

Market structure analysis indicates that Cardano continues to form higher lows, supporting the existing bullish trend. As long as the price sustains above $0.70, technical sentiment remains positive. A decisive daily close above $0.90 could confirm a breakout and pave the way for a potential rally toward the $1.00 mark

Source: TradingView

Should bullish momentum persist, the next significant resistance is projected near $1.44. Momentum indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing early signs of recovery from oversold levels, suggesting that downward pressure is easing.

Hydra Upgrade Bolsters Network Fundamentals

Beyond the charts, Cardano’s recent launch of Hydra Node 1 has introduced a notable upgrade to its scaling infrastructure. The Hydra protocol enhances network efficiency by enabling faster and more cost-effective transactions, improving the blockchain’s ability to handle high volumes of activity. This development strengthens Cardano’s competitiveness among other layer-one networks such as Solana and Ethereum. The implementation of Hydra reflects a significant milestone in the project’s roadmap, aligning with its goal of achieving sustainable scalability and transaction efficiency.

The combination of solid technical support and strong fundamental progress has improved overall sentiment around ADA. Market participants appear to be positioning for a potential continuation of the broader uptrend. Consistent trading volume and reduced selling pressure further reinforce the probability of an upward price rotation in the coming sessions.

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