Cardano’s Price Stabilizes, Setting Stage for Bullish Advance
Cardano’s (ADA) price has found a solid footing around $0.76, signaling a possible bullish surge.This support level is backed by a strong confluence of technical indicators, including Fibonacci retracements, Point of Control (POC), and Bollinger Bands. The recent rollout of hydra Node 1, Cardano’s long-awaited scaling solution, has added a powerful fundamental catalyst, paving the way for faster and cheaper transactions across the network. With the new roadmap now unveiled, ADA is on breakout watch as bullish momentum begins to build. Cardano price key technical points Support Zone: strong confluence between the 0.618 Fibonacci level, Point of control, and lower Bollinger Band around $0.70–$0.76. Market Structure: Higher-low formation remains intact within the ongoing bullish structure. Resistance Target: Potential upside rotation toward $1.44 resistance if the support holds. ADAUSDT (1D) Chart, Source: TradingView Cardano’s recent correction has brought price action back into a high-traffic zone were multiple technical indicators align. The 0.618 Fibonacci retracement, frequently enough referred to as the “Golden Pocket,” coincides with the POC, the area where most trading activity has taken place, and the lower edge of the Bollinger Bands. This convergence creates a strong demand zone where buyers have historically stepped in. The ongoing defense of this support zone suggests that the market is establishing another higher low within its macro uptrend. If this region continues to hold, the probability of a rotation toward higher levels increases significantly. A prosperous bounce from here would confirm the bullish continuation pattern,potentially setting the stage for ADA to test $1.00 before extending toward the major resistance at $1.44. momentum indicators such as RSI and MACD are also showing early signs of reversal from oversold levels, while trading volume remains steady, suggesting that selling pressure may be exhausting. Provided that daily candle closes remain above $0.70, the broader market structure stays firmly bullish. https://twitter.com/MinswapIntern/status/1976238588300832795 Beyond the technical picture, Cardano has recently deployed Hydra Node 1, a major leap in its long-term scalability roadmap. Hydra introduces lightning-fast and low-cost transaction capabilities, addressing one of the network’s most meaningful limitations. This upgrade not only enhances Cardano’s efficiency but also strengthens its competitive positioning against other layer-1 blockchains such as Solana and Ethereum. The combination of robust technical support and a strong fundamental catalyst creates a dual-layered bullish outlook. If market sentiment aligns with this development, ADA could be primed for an extended rally in the sessions ahead. What to expect in the coming price action As long as Cardano maintains support above the $0.70–$0.76 range, the technical and fundamental confluence favors a bullish continuation. A confirmed breakout above $0.90 would likely accelerate momentum toward $1.00 and $1.44 in the medium term. However, a daily close below $0.70 would invalidate the bullish scenario and signal potential range-bound behavior. rnrn
