ADA price technicals are strengthening, with a rise to $2 possible. ADA futures volume is at a 5-month high of $7 billion, reflecting institutional interest. Cardano’s total value locked is increasing along with ETF approval odds. Cardano has been up by as much as 37% in August, showing bullish signals for a breakout above $1.

ADA price technicals show a breakout from its prevailing bull flag pattern, with a potential target of $1.80. Analyst Clifton Fx predicts a massive 100% – 150% bullish rally in the coming weeks. A three-day candlestick close above $1 would confirm the breakout, targeting $1.80.

Data shows ADA trading above a symmetrical triangle in the weekly time frame, with a target of $2.12 if the price closes above $1. The RSI has increased to 59, indicating growing bullish momentum. Cardano futures volume hits 5-month highs at $7 billion, signaling strong institutional and retail interest.

A Cardano ETF approval is more likely, with odds jumping to 81%. The total value locked in Cardano DeFi protocols has risen 56% to $423.6 million, its highest since March. Historical data shows TVL growth coinciding with massive ADA price rallies, highlighting the potential for further price increases.

Read more at Cointelegraph: How High Can Cardano Price Go Beyond $1? ETF Approval Odds Jump Over 80%