Overview

• As of Aug. 11, ADA trades around $0.82–$0.83, holding its breakout structure above $0.78 while testing short-term resistance at $0.84.
• Futures open interest climbed from $1.20 billion to $1.44 billion since Aug. 3 and funding rates have flipped positive, signaling fresh capital inflows and bullish trader conviction.
• Whales reportedly accumulated over 200 million ADA in a 48-hour window, reinforcing support for the breakout but heightening the risk of concentrated selling pressure.
• Daily spot volume has declined despite price gains, introducing uncertainty to the rally and underscoring the importance of defending support near $0.78.
• Analysts project targets of $0.93–$1.00 in the near term, $1.20–$1.60 medium term and psychological levels above $2.00, contingent on holding breakout levels and absorbing nearby sell walls.