The cryptocurrency Cardano ($ADA ) attracted the attention of investors after the trading volume of futures for it reached $6.96 billion for the first time in the last five months. This event heightened the bullish sentiment, and analysts point to the technical situation that could precede a significant price breakout.
For example, Ali Martinez believes that a sharp increase in ADA futures trading volume could trigger a bullish breakout from a symmetrical triangle and push the price of ADA to $1.10.
Cryptotraders and investors consider the increase in ADA futures volume as an isolated bullish signal. With the bullish technical structure noted by Martinez, the belief of cryptocurrency users in an imminent rally has strengthened.
Their optimism is explained by the fact that the futures volume for ADA usually causes significant volatility. This reinforces expectations of a noticeable price movement soon.
Last week, the price of Cardano rose by more than 33%, surpassing $1 for the first time since March 2025. The market capitalization of ADA, which analysts consider a key indicator, continues to show positive dynamics and currently exceeds $34.7 billion (data from CoinGecko).
Many analysts believe that ADA is showing increased popularity among retail and institutional investors and therefore has growth potential.#ada #altcoins #BinanceSquare #crypto
