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- ADA up 12.94% in 24 hours with $2.48B volume surge.
- Analysts see $0.89–$1.00 breakout potential.
- Open interest rise signals growing investor confidence.
Cardano (ADA) has captured investor attention this week, trading at $0.87 after a 12.94% jump in the past 24 hours. The surge in price coincides with a 102.84% increase in trading volume, reaching $2.48 billion, signaling strong market engagement and bullish sentiment.
Analysts Predict ADA Breakout to $1.00
Crypto analyst Ali Martinez has highlighted that ADA is approaching a $1.50 potential, citing its current momentum as a trigger for a significant bull run. Similarly, CoinCodeCap Trading points out that a breakout above the $0.89 resistance level could push Cardano to the $1.00 mark, reinforcing the positive market outlook.
Cardano $ADA is on the verge of a breakout to $1.50! pic.twitter.com/k1AzNfKeaw
— Ali (@ali_charts) August 13, 2025
The cryptocurrency has shown consistent gains, rising 20.09% over the past week. The pattern suggests a bullish reversal as ADA emerged from a descending channel and maintained support above the 200-SMA at $0.74. Minor pullbacks due to overbought conditions have not deterred the overall upward trajectory.
Strong Investor Confidence Drives Open Interest
Market metrics indicate increasing investor confidence in Cardano. According to CoinGlass, the number of trades climbed by 48.51% to $3.74 billion, while open interest rose 14.53% to $1.49 billion. These trends, along with an ADA OI-weighted funding rate of 0.0116%, suggest expectations of continued price growth among traders.
Also Read: Could Cardano’s ADA Repeat XRP’s 500% Surge? Crypto Banter Says Yes
Support levels for ADA are identified at $0.60 and $0.50, while resistance lies at $0.89 and $1.00. A clean breakout above $0.89 could accelerate gains and position ADA for further upward movement.
ADA Poised for Near-Term Gains
Cardano’s rising price, trading volume, and open interest signal strong bullish prospects. Analysts and market trends indicate that ADA is on the verge of a significant breakout, with the $1.00 milestone firmly in sight. Traders and investors are keeping a close watch, as the cryptocurrency continues to show potential for near-term profits.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
