Cardano can go as high as $1. ETF Approval odds increase by over 80%

The key takeaways

• ADA technicals have strengthened, and a possible rise of $2 is now possible.

• Volume of ADA Futures has reached a new high in the last five months at $7 billion. This is a reflection of institutional interest. 

• Cardano TVL (total value locked) is rising along with ETF odds.

Cardano (ADAIn August, the price of climbed by up to 37%. Price has retraced since, but several bullish indicators suggest that a break above $1 is imminent.

Cardano Bull Flag Pattern Targets $1.80

ADA technicals indicate a break from the current price. bull flag patternAccording to an analyst Clifton Fx. 

Since December, the ADA/USD pair is consolidating within a wide flag range and has steadily absorbed selling pressure. This phase is often concluded by a breakout of the upper flag boundary.

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 Add this to the X on Thursday:

“Now expecting a massive 100% – 150% bullish rally  in the coming weeks.”

If the three-day closing candle above the level $1 is retested (as the new support), it would confirm a bullish breakout. Technically, the target bull flag for this bullish break out will be at $1.80.

As shown below, a similar pattern can be observed at lower timeframes with a four-hour bull flag and a price target of $1.27 ADA.

ADA price symmetrical triangular targets $

Data from Cointelegraph Markets Pro The following are some examples of how to get started: TradingView ADA Trading Above 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

The bulls are further supported by positive signals coming from the market. Glassnode data shows that ADA futures volumes are at a 5-month high, $7 billion.

As shown below, since April 1, ADA’s futures volumes have remained in the range of $1 to $4 billion. The abrupt jump is a reflection of strong interest from both institutional investors and retail traders, which has boosted liquidity and confidence in the market.

The volume in futures contracts has surpassed the levels of March 2025 when ADA prices last exceeded $1.

With approval odds increasing, a Cardano ETF spot is more likely.umping 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 The (TVL), in Cardano DeFi protocols, is increasing. 

Cardano TVL’s has risen 56% from $271 to $423.6 millions, the highest level since March.

In the past, growths similar to those seen today have also occurred. massive ADA price rallies. When the post-election periodA 271% rise in TVL from Nov. 5 to Dec. 7 2024. 300% rally in ADA price.

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.