The numbers speak for themselves. On August 14, the volume of futures contracts on Cardano (ADA) literally exploded, reaching $6.96 billion, according to data from Glassnode.
This exceptional level clearly contrasts with the usual average, which ranged between $1 and $4 billion. This gap indicates a particularly marked resurgence of speculative activity on the asset.
This sudden acceleration did not go unnoticed by analysts. Ali Martinez pointed out on X that it was the "highest volume in five months," interpreting this spike as a possible turning point for ADA.
From a technical standpoint, this increase was accompanied by a strong graphical signal. ADA broke above the upper limit of its triangular consolidation pattern, in which it had been stagnant for several weeks. This breakout immediately rekindled expectations of a bullish change.
On August 17, the token reached a high of $0.98, brushing against the symbolic and psychological threshold of one dollar. Despite a slight pullback of 3% in the following 24 hours, the weekly gain of 12% reflects a notable increase in confidence among investors.
A performance that clearly contrasts with the weeks of underperformance of ADA, especially against heavyweights like Ethereum or Solana.
