Cardano price rebounds from oversold conditions, testing $0.76 resistance. Low volume raises the risk of rejection back toward $0.49 support.
Cardano (ADA) price has confirmed an oversold bounce after finding strong support around the $0.49 region during the recent capitulation event. While the rebound has lifted sentiment among traders, the recovery is now encountering a critical resistance zone around $0.76, a level reinforced by multiple technical confluences.
Renewed confidence in ADA's next potential rally is can stem from the Hydra upgrade. The next move from this area will ...