Cardano Price Stabilizes Above $0.76: Hydra Upgrade Fuels Bullish Momentum

Cardano’s price has stabilized above the crucial $0.76 support level, supported by a confluence of technical indicators and the launch of the Hydra Node 1 upgrade. This recent shift signifies renewed stability in the market and suggests potential bullish momentum. The $0.70 to $0.76 zone continues to serve as a key area of support, reinforced by Fibonacci retracement levels, the Point of Control, and the lower Bollinger Band. These factors historically attract buyers, providing a strong foundation for future upward movement.