Right. So, Cardano. Yes, that Cardano. It appears some people are, and I quote, “interested” in its future. Which is…novel. One assumes they haven’t factored in the probable heat death of the universe, but who are we to judge?
- Apparently, someone – a lot of someones, in fact, to the tune of $6.96 billion – are fiddling with Cardano futures. This suggests, bafflingly, that they think it might go…up. 🧐
- Ali Martinez, a person with charts (apparently a very important job title these days), has spotted a “triangle breakout.” This sounds dangerous. Possibly involving geometry. He’s hoping for $1.10. Good luck with that.
- Dan Gambardello-a name that just *sounds* like it should be selling used cars-believes $1.25 is a crucial point. If it gets past that, apparently, good things will happen. Or, you know, nothing at all. It’s crypto.
The Slightly Elevated Volume of Future Cardanos
On August 14th, somebody noticed a considerable blip in the trading of Cardano’s theoretical future. A whopping $6.96 billion worth of these…intangible assets…changed hands. This, we are told, is the most since March 2025. Which, if my calculations are correct, was a while ago. Glassnode, apparently, keeps track of this sort of thing. Bless them.
Cardano $ADA futures volume hit $6.96 billion, the highest level in 5 months! 🎉
– Ali (@ali_charts) August 17, 2025
Previously, volume lingered somewhere between “mildly interesting” ($1 billion) and “slightly more mildly interesting” ($4 billion). The sudden spike? Probably just a glitch in the Matrix. Or people getting bored. It’s hard to say.
Towards $1.10, Possibly. Maybe. Don’t Quote Me.
Currently – as of whenever “press time” actually is – ADA is loitering around $0.93, having enjoyed a 12% bounce over the last week. It dipped 3% yesterday, the fickle beast. It bravely touched $0.98 on August 17th, escaping a “trendline” which, one assumes, was trying to contain it.
This breakout (still sounds dangerous) coincides neatly with the aforementioned volume spike. Martinez’s chart indicates a move above a “triangle.” (Still worried about the geometry.) This is, apparently, a “short-term continuation signal.” Which roughly translates to “maybe it’ll keep going up for a bit.” Expect resistance around $1.00. Such a round number. So…significant.
Cardano $ADA could be breaking out of a triangle, eyeing $1.10. 🤞
– Ali (@ali_charts) August 17, 2025
Resistance: A Bit of a Downer, Really
Apparently, everyone is feeling “bullish” about Cardano. Market Prophit says so. Both the traders and the models. Although, truthfully, models always agree with each other. It’s how they’re programmed. This positive sentiment occurs just as ADA nears a price level that has previously scoffed at its attempts at upward mobility.
Gambardello is fixated on $1.25. He claims it’s a “very important bull market indicator.” The mind boggles. He’s also identified a zone between $1.00 and $1.25 as a barrier. A barrier. As if a price point is capable of physical obstruction.
Institutional Shenanigans
Grayscale, that bastion of financial innovation, has created a trust for ADA in Delaware. This has prompted speculation about a potential spot Cardano ETF. Which is, frankly, rather optimistic. But hey, hope springs eternal in the hearts of crypto investors. Even the cynical ones.
Traders are now watching, waiting, and probably refreshing their browser tabs excessively, to see if this momentum can puncture the $1.10-$1.25 range. If it does, further gains may ensue. Or not. It’s really a toss-up, isn’t it? 🤷
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2025-08-18 10:01