Cardano (ADA) Futures Volume Hits Record $6.96B 5-Month High, Analyst Eyes $1.10 Breakout

• Cardano futures volume reached $6.96 billion for the first time in the past five months.
• ADA’s price is set to break out of a bullish triangle.
• A crypto analyst predicts $1.10 target for ADA soon.

Cardano (ADA) attracted investors’ interest after its futures volume reached $6.96 billion for the first time in the past five months. The latest development triggered bullish sentiments around the cryptocurrency, with analysts pointing to a technical setup that could be a prelude to a major price breakout.

An analyst’s perspective on developments around ADA

Ali Martinez, one such analyst who identified a bullish technical setup for Cardano, believes the surge in ADA futures volume could trigger a bullish breakout from a symmetric triangle and push ADA’s price toward $1.10. 

In his latest post on X, Martinez used a graphical representation of Cardano’s price behavior to reveal his expectations. 

Cardano $ADA could be breaking out of a triangle, eyeing $1.10. pic.twitter.com/pxQ2Y2WI2H

— Ali (@ali_charts) August 17, 2025

It is worth noting that crypto traders and investors consider the surge in ADA futures volume an isolated bullish signal. Com…

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