Cardano’s Futures Volume Skyrockets: Breakout Potential Emerges

Cardano (ADA) has witnessed a surge in its futures trading volume, reaching an impressive $6.96 billion on August 14th. This jump represents the highest level in over five months and is driving speculation about a potential breakout for the altcoin. According to CryptoAppsy data, ADA’s price increased by 12% weekly, reaching $0.9190 at the time of reporting. On August 17th, prices surged as high as $0.98 before retracting slightly. Now, attention shifts to the resistance zone between $1.00 and $1.25.