Cardano (ADA) attracted investors’ interest after its 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.
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.
It is worth noting that crypto traders and investors consider the surge in ADA futures volume an isolated bullish signal. Combining that with the bullish technical structure highlighted by Martinez increased the cryptocurrency users’ optimism toward an imminent rally.
Whales are also moving.
ADA futures volume as a metric typically triggers significant volatility in the cryptocurrency’s price. Hence, the growing expectation that the price will move soon.
Cardano’s price surged over 33% last week in a notable rally that saw it climb above $1 for the first time since March 2025. TradingView’s data shows that the cryptocurrency experienced a pullback, returning below the psychological support to trade for $0.918 at the time of writing.
Meanwhile, ADA’s market cap, which analysts consider a crucial indicator, remains in a bullish mode, sitting at over $32.7 billion at the time of writing, according to data from CoinMarketCap.
It is crucial to highlight Cardano’s overwhelming bullish sentiment in 2025, with analysts linking it with ongoing upgrades in the blockchain network’s ecosystem and the crypto asset’s inclusion in the US Strategic Reserve.
Many analysts believe that ADA has experienced increased retail and institutional adoption and has the potential to experience more demand from users worldwide.
The big picture looks bullish
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