Cardano ADA Nears $1.10 Resistance Amid ETF Speculation and 103.26% Volume Surge

Cardano (ADA) is currently displaying signs of a potential breakout toward $1.50, driven by technical formations and increased market participation. At the moment of reporting, ADA is trading near $0.9928, approaching a key resistance level of $1.10, which, if breached, could signal the beginning of a stronger uptrend. Analysts suggest that a confirmed breakout above this level may push the price toward $1.20–$1.35 and eventually reach the $1.50 target [1].

Technical analysis reveals that ADA is forming bullish patterns on both daily and 12-hour charts. A descending channel, which previously guided the price from above $1.60 to as low as $0.55 in June, has now reversed with ADA rebounding to $0.88 and consolidating around $0.84. Fibonacci retracement levels at $0.7599 (0.382) and $0.9043 (0.618) are key reference points, and the price has shown strength near these levels [2]. Additionally, ADA is approaching a golden cross on the daily chart, where the 50-day SMA is moving upward toward the 200-day SMA. A similar pattern in November 2024 preceded a 300% price increase, adding to the bullish sentiment.

Market activity has also shown significant movement. Derivatives trading volume for ADA has surged 103.26% to $6.68 billion, with open interest rising 26.99% to $1.83 billion. Options volume, however, has seen a sharp decline of 92.94% to $6.59 thousand, while open interest in options has slightly decreased by 0.27% to $374.92 thousand. The 24-hour long/short ratio stands at 0.941, indicating a relatively balanced position between long and short traders [3]. Notably, liquidations over the past 24 hours totaled $9.79 million, with shorts bearing the majority of the losses.

Whale accumulation has also been observed, with large transactions indicating renewed institutional interest. Clifton Fx noted that a bullish flag breakout in the three-day timeframe could lead to a 100–150% rally in the coming weeks [4]. This speculative momentum, combined with the growing anticipation of an ETF launch, has further fueled optimism around ADA’s future price action.

While not all analysts are confident the $1.50 target will be reached this month, the general consensus is that $1.50 is a key level to monitor. A successful breakout would mark a significant turning point for Cardano’s price trajectory and validate the growing bullish sentiment across the market [5].

---

Source:

[1] Grayscale ETF Speculation Drives Rally Toward $1.50 Target (https://coincentral.com/cardano-ada-price-grayscale-etf-speculation-drives-rally-toward-1-50-target/)

[2] Cardano (ADA) Price Aims for $1.50 in August, While ... (https://za.investing.com/news/technology-news/cardano-ada-price-aims-for-150-in-august-while-remittix-eyes-a-leap-from-009-to-3-3840831)

[3] Cardano Rally Gains Steam as ETF Speculation Pushes ... (https://cryptorank.io/news/feed/8482e-cardano-rally-gains-steam-as-etf-speculation-pushes-toward-1-50-target)

[4] Cardano's Price Hits 5-Month High — Analyst Says ADA ... (https://stocktwits.com/news-articles/markets/cryptocurrency/cardano-price-hits-5-month-high-ada-could-more-than-double/chsRKRhRdO3)

[5] Cardano (ADA) Price Prediction for August 2025 (https://www.bitget.com/academy/cardano-ada-price-prediction-latest-news-august-2025)