Key Highlights:
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The pricing technology for ADA has improved, now reaching $2.
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ADA Futures volume has hit a five-month high at $7 billion, indicating institutional interest.
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Cardano’s total value locked (TVL) is on the rise, tied to ETF approval probabilities.
Cardano (ADA) experienced a notable increase of up to 37% in August. Though prices have climbed, several bullish indicators suggest that a move above $1 might be on the horizon.
Targets for Cardano’s Bull Flag Pattern: $1.80
Analysts at Clifton FX report that ADA’s price is breaking out from a typical bull flag pattern.
The ADA/USD trading pair has been situated in a broad flag zone since December, gradually absorbing selling pressure. Such phases typically conclude with a clear breakout above the flag’s top boundary.
This breakout is currently underway, but ADA has been facing resistance at the $1 mark, a barrier that has persisted since December 2024.
“The bullish flag upside-down breakout has been confirmed over a three-day period,” Clifton remarked, noting that a significant increase of 100-150% could be expected shortly.
“We are looking forward to a massive meeting in the coming weeks.”
A retest of the three-day candlestick and the $1 level for support would validate a bullish breakout, targeting the $1.80 level of the bull flag.
A similar bull flag pattern has emerged in shorter time frames, with a price target of $1.27 noted on the 4-hour chart.
ADA’s Symmetric Triangle Price Target: $2
According to Cointelegraph Markets Pro and TradingView, ADA transactions are currently positioned within a symmetrical triangle on the weekly chart.
For prices to maintain an upward trajectory toward $2.12, there needs to be a weekly close above the psychological $1 level.
This potential movement could result in a total profit of 126% from present levels.
The relative strength index (RSI) has climbed from 41 in mid-June to 59, indicating a sustained rise in bullish sentiment.
Surge in ADA Futures Volume
Further encouraging signs come from the futures market, where ADA futures volumes have reached a five-month peak of $7 billion across all exchanges, according to GlassNode data.
Since early April, futures volumes hovered between $1 billion and $4 billion. This recent surge reflects robust interest from both institutional and retail investors, fostering increased liquidity and market confidence.
This uptick in futures volume resembles trends observed in March 2025, correlating with ADA prices rising above $1.
With increased likelihood surrounding the approval of a Spot Cardano ETF, the chances now sit at 81%, up from 59% on August 6th.
In tandem, the total value locked (TVL) in Cardano’s DeFi protocol has grown, reaching $423.6 million—a 56% increase and the highest level since March.
Historically, similar growth patterns have been preceded by substantial ADA price surges. For instance, an increase in TVL of 271% after the election period in 2024 coincided with a 300% uptick in ADA prices.
This article does not provide investment advice or recommendations. All investment and trading decisions involve risk, and readers are encouraged to conduct their own research.
