ADA approaches $1.10 resistance, with charts indicating potential breakout toward $1.50.
Derivatives volume surges 103%, signaling rising trader interest and market participation in ADA.
Whale accumulation and bullish flag pattern suggest scope for a 100–150% rally in coming weeks.
Cardano (ADA) is on the verge of a breakout to $1.50 as technical indicators and market activity point to possible upside movement. At the time of writing, ADA was trading at $0.9928, gaining momentum after recent price surges and strong derivatives market activity.
Technical Analysis and Price Levels
ADA’s 12-hour chart from early 2025 to mid-August shows a downward channel from above $1.60 to lows near $0.55 in June, according to analysis prepared by Ali Martinez. The price then rose sharply to $0.88 before consolidating around $0.84.
https://twitter.com/ali_charts/status/1955562219405791516
Fibonacci retracement levels are at 0.382 at $0.7599 and 0.618 at $0.9043 as points of reference. Martinez stated that ADA is “on the verge of a breakout to $1.50,” supported by the channel pattern structure on the chart.
Analysts have also noted that ADA is approaching a golden cross on the daily chart, as the 50-day SMA trends upward toward the 200-day SMA. The last golden cross in November 2024 preceded a 300% increase. A sustained close above $0.88 is seen as supportive for continued gains toward higher resistance levels.
Market Activity and Trader Positioning
According to CoinGlass data, ADA derivatives trading volume rose 103.26% to $6.68 billion, while open interest increased 26.99% to $1.83 billion. Options volume fell 92.94% to $6.59 thousand, and options open interest dipped 0.27% to $374.92 thousand. The 24-hour long/short ratio was 0.941, with Binance ADA/USDT top trader positions showing ratios above 2.98.
In the past 24 hours, liquidations totaled $9.79 million, including $2.16 million from longs and $7.63 million from shorts. Whale accumulation has also been reported, with large transactions fueling speculation of renewed institutional interest. Clifton Fx noted that a bullish flag breakout in the three-day timeframe could result in a 100–150% rally in the coming weeks.
With ETF optimism building, increased whale activity, and improving technical structures, traders are monitoring ADA’s price action near the $1.10 resistance. A confirmed breakout above this level could bring $1.20–$1.35 into focus, followed by the $1.50 target.
The post Cardano (ADA) Is on the Verge of a Breakout to $1.50 as Key Levels Come Into Play appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
