Cardano Price Surges 11% as Analyst Predicts a Breakout to $1.50

Highlights:

• Cardano price surges 11% to $0.88, as trading volume skyrockets 102%.
• Crypto analyst foresees a rally to $1.50.
• Bullish key indicators point to a potential rally above $1 soon. 

Cardano price has extended its bullish run, extending its gains to $0.88, after breaking above the $0.72 resistance, marking an 11% surge. Its daily trading volume has notably soared 102% to $2.25 billion, signaling intense market activity. ADA is now up 21%  in a week and 18% in a month, showing growing hype in the meme coin. 

Meanwhile, popular crypto analyst, Ali Martinez, has predicted a potential breakout to $1.50 in ADA price. According to his prediction, the direction of the price of Cardano exhibits a consistent trend of high lows, which means that a bullish trend is established. The analyst has indicated the resilience of this move due to the increased volumes and interest of the investors. This further indicates that the token is preparing to make a notable thrust.

Cardano $ADA is on the verge of a breakout to $1.50! pic.twitter.com/k1AzNfKeaw

— Ali (@ali_charts) August 13, 2025

Notably, viewing the derivatives data, the situation at Cardano can further advance a bullish forecast of the market. The amount of exchanged $ADA has grown an incredible 60.43% over the last 24 hours to $3.75billion. A major indicator of the market sentiment, open interest has also increased by 15.77% to $1.54 billion. This depicts an upward trend in market involvement, with both retail and institutional traders having a long position.

The Cardano derivatives market is marked by a higher number of long positions as compared to short positions, with the Long/Short ratio of 1.002 within the last 24 hours. This implies that the general opinion is bullish since most traders are betting that the prices will rise. 

Cardano Price Breaks Past $0.72 Key Resistance as Bullish Grip Bolsters

The Cardano chart paints a bullish picture where the meme coin’s price action just bounced from a consolidation zone. The 50-day Simple Moving Average (SMA) has crossed above the long-term (200-day SMA), indicating a golden cross. This often signals a long-term bullish outlook in the crypto market.

Further, the bulls have established strong support around the $0.785 and $0.786, giving the bulls hind wings for further upside. The price recently bounced from the 200-day SMA support, hinting at more gains if the momentum holds.

The Relative Strength Index (RSI) is at 70.77, indicating overbought conditions. This cautions traders of a potential short-term pullback, to help the bulls sweep through liquidity. In the meantime, the bulls may push for more upside before the retracement commences. Meanwhile, the Moving Average Convergence Divergence (MACD) is bullish, with the MACD line (blue) soaring above the signal line (orange). Momentum indicators show the Cardano price may have one more push left before profit-taking kicks in.

Is ADA Poised for a Breakout Above $1?

The recent golden cross affirms a bullish grip in the market. Notably, Coinglass data shows there are about 80% ADA shorts ($2.34 million) compared to longs ($833.03K). That discrepancy suggests that bullish sentiment is currently dominating the Cardano charts because traders anticipate that the price will rise in the future. In the short term, the Cardano price may jump 26% to test the overhead resistance at $1.10. Medium term, if a breakout happens, ADA may surge to $1.50. Conversely, the token may face a drop towards $0.85-$0.81 support zones if early profiteering commences.