Cardano's ADA price has shown bullish potential, with a breakout above $1 anticipated, which could lead to significant gains. Notably, ADA is currently trading in a bull flag pattern, suggesting a target price of $1.80 if it surpasses this resistance. Analysts predict a 100% to 150% rally in the upcoming weeks, contingent on a solid close above the $1 level. Additionally, ADA's futures volume has reached a five-month high of $7 billion, reflecting strong institutional interest and market confidence. With an increase in the total value locked (TVL) in Cardano’s DeFi protocols, which rose by 56% to $423.6 million, projections suggest that a rise to $2 remains a possibility if ADA sustains its upward momentum. Overall, bullish signals point to potential price improvements as conditions become more favorable for Cardano.

Source 🔗