Panics Cardano Panics Krypto market with explosive increases of term contracts

Cardano (ADA) ignites the crypto market with its volume for term contracts, which will culminate nearly $ 7 billion. This ascending dynamics, carried by the shadow of a possible ETF, replaces ADU to the discussion center. Towards a permanent return over $ 1?

Cardano arouses interest with a record peak in terms of term contracts

The numbers are final. 14th August the volume of term contracts for Cardano (ADA) literally exploded and, according to Glassnod data, reached $ 6.96 billion.

This exceptional level clearly contrasts with the usual average that oscillated between $ 1 and $ 4 billion. Such a difference indicates a particularly significant restoration of speculative activity on assets.

This sudden acceleration did not escape the analysts. Ali Martinez underlined on X (formerly Twitter) that it was “the highest volume in five months” that interpreted this peak as a potential break for ADA.

At the technical level, this focus was accompanied by a strong graphic signal. Ada crossed the upper terminal of its triangular consolidation figure in which he stagnated for several weeks. This escape immediately revived the expectations of the bull conversion.

On August 17th, the token reached a summit of $ 0.98 and approached the symbolic and psychological threshold of the dollar. Despite a slight withdrawal of 3 % within 24 hours, a weekly profit is indicated by a 12 % clear renewed residence of investors.

A show that clearly contrasts with the weeks of subformance ADA, especially in the face of vehicles on heavy goods such as Ethereum or Solana.

The decisive battle is played between 1.00 and $ 1.25

The optimism that surrounds Cardano does not owe again to chance. According to market data, investors, institutional and individuals are clearly awake.

This dynamics will largely find its origin in the announcement of the Gray Middle Cardano Trust in Delaware.

Although no formal request for SPOT ETF has not yet been subjected to Suchý, this initiative revives the hope of a wider institutional recognition of the ecosystem of ADA. And the effect was not long in arrival. After these speculations Cardano jumped more than 17 %in 24 hours, overhanging bitcoins (+3.19 %) and Ethereum (+2,07 %).

Analyst Dan Gambardello identified zone from $ 1.00 to $ 1.25 as a critical technical threshold necessary to verify sustainable bull movement. In the past, this corridor has ended several ADA gatherings, making it important psychological references for crypt traders.

COINGLASS data confirm this madness: open interest on ADA term contracts increased by 26 %and reached $ 1.82 billion. At the same time, nearly 70 % of binance traders with open positions on Crypto Ada are betting on the effort to increase, an indicator of generalized optimism or even on the beginning of euphoria.

In short, this positive dynamics comes after a long period of partial performance of Ado in the face of other main altcoins. The recent escape in a triangular figure sends a encouraging signal, but the real test remains. The consolidation of the zone from $ 1.00 to $ 1.25 will be decisive. In the case of sustainable crossing, Cardano could focus on more ambitious goals in the coming weeks.

FENELON L.

Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.

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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.