The key take-aways
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ADA’s technicals continue to strengthen, with a potential rise up to $2.
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Volume of ADA Futures has reached a new high in the last five months at $7 billion. This is a reflection of institutional interest.
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Cardano’s TVL or total value locked is on the rise along with ETF acceptance odds.
Cardano (ADA() was up as much as 37 percent in August. Price has since reversed but several bullish indicators suggest that a break above $1 will be inevitable.
Cardano Bull Flag Pattern Targets $1.80
ADA’s price technicals indicate a breakout of its prevailing level. bull flag patternAnalyst Clifton Fx.
Since December the ADA/USD has been consolidating in a huge flag range, steadily absorbing sales pressure. This phase usually ends in a break above the upper limit of the flag.
Related: Price predictions 8/18: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK
The breakout is underway. ADA faces resistance at $1. It has held the price down since December 20,24.
“Bullish flag upside breakout has been confirmed in the 3-day time frame,” Clifton said In an X-post on Thursday, add:
“Now expecting a massive 100% – 150% bullish rally in the coming weeks.”
The bullish breakout would be confirmed by a three-day close and a new test of $1 (as a level of support). A technical target for the bull flag is $1.80.
The chart below shows a pattern similar to the one above, with a bull-flag on the 4-hour chart. It also has a target price of $1.27 ADA.
ADA price symmetrical triangular targets $
You can also download data from Cointelegraph Markets Pro The following are some examples of how to get started: TradingView ADA is trading at a higher level than a symmetrical triangle The chart below shows the time period in a weekly basis.
Price must close above $1 to maintain the upward trend, and the target is $2.12.
This would increase the gains from current levels to 126%.
Relative strength index (or RSIThe % of bullish timeframes has steadily increased from mid-June to now 59.
Cardano futures volume hits 5-month highs
Positive signals on the futures markets further strengthen the case of the bulls. Glassnode data shows that ADA futures volumes are at a 5-month high, $7 billion.
The chart shows that since early April the ADA volume has remained between $1 billion to $4 billion. This sudden increase reflects a strong interest from both institutional investors and retail traders, which has boosted liquidity and confidence in the market.
ADA futures volumes have reached levels last seen in March 2025, when the ADA price was above $1.
The odds of a spot Cardano ETF are also increasing, and the approval rate is jumping to 81% Polymarket reports that Tuesday, the percentage of shoppers who purchased a product has increased to 69% from 59% as recently as August 6.
The same is true for the total value locked Cardano DeFi protocol (TVL) is on the rise.
Cardano TVL grew 56%, to $423.6 Million, reaching its highest value since March.
In the past, growths similar to those seen today have also occurred. massive ADA price rallies. The ‘During the post-election periodA 271% rise in TVL from Nov. 5 to Dec. 7 2024. 300% rally in ADA price.
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Source: cointelegraph.com
