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Cardano Price Prediction: Hydra Node 1.0 Launch Sparks Fresh Optimism

7d ago
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Cardano-ADA-Price-Prediction-Analysis
  • Cardano price consolidates above $0.80, holding trendline support inside a symmetrical triangle.
  • Hydra Node 1.0 launch sparks scaling optimism with TPS exceeding 1 million in testing.
  • Coinglass shows $1.41M outflows, signaling light accumulation but no strong institutional push yet.

Cardano price today is trading near $0.815, consolidating just above the $0.80 ascending trendline support after a volatile week. Sellers tested the lower triangle boundary multiple times, but buyers have managed to hold this key zone as sentiment steadies around the Hydra upgrade.

Cardano Price Compresses Within Symmetrical Triangle

ADA Price Dynamics (Source: TradingView)

The 4-hour chart shows ADA trading inside a symmetrical triangle pattern, with lower support anchored near $0.80 and resistance forming around $0.839. The 20- and 50-EMAs are clustering at $0.824 and $0.832, cr…

Read The Full Article Cardano Price Prediction: Hydra Node 1.0 Launch Sparks Fresh Optimism On Coin Edition.

7d ago
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bearish:

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