Cardano will enter the Brave Wallet beta program. Can access to 88m users lift the ADA from low?

Cardano has quietly added to the beta version of Brave Wallet, revealing blockchain protocols directly to the browser’s monthly active users.

This update was first discovered on June 19th by Cardano-centric X-page. This shared a screenshot showing Cardano (ADA) living in the wallet interface. This follows an official announcement from May when input and output, Cardano’s core developer, and Brave Software confirmed plans to integrate full Cardano support into Brave’s browser native Crypto Wallet.

The integration allows users to send, receive, exchange, and sign transactions using Cardano assets within a privacy-focused browser. Additionally, Cardano owners can manage tokens like midnight nights, engage in decentralized apps and participate in governance.

Despite the updates expected to significantly improve Cardano’s exposure, price action still does not reflect a strong response. In press times, Cardano trades at $0.6002, down 0.5% in a day, with a 7-day range of between $0.5913 and $0.6556.

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Spot market activity has weakened, with ADA’s 24-hour trading volume down 47.3% to $360 million. Derivative metrics reflect this trend. Coinglass data shows that open interest has declined slightly, while derivatives volumes have dropped by 42%. This means a decrease in speculative interest.

Looking at the technical picture, ADA is still declining with a well-defined downtrend, approaching its lowest level since mid-April. Prices are below all important moving averages, showing strong bearish momentum over the range of 10 to 200 days.

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Cardano price analysis. Credit: crypto.news

The Bollinger band is narrower, with the lower band serving as support for around $0.5899. Ada holds this band below. This usually indicates that there is sales pressure.

Momentum index, on the other hand, shows a picture of neutral to bearish. At a value of 32.8, the relative strength index approaches the territory sold, but no inverted signals are displayed yet.

While divergence of moving average convergence is still in the negative realm, stochastic RSI indicates that ADA is highly sold, but lacks a clear bullish divergence. There may be a short-term rebound shown by the -124 commodity channel index, but the general trend is still downwards.

A bullish RSI crossover and fresh volume could support sustained movements above $0.63. The ADA can move towards the $0.70 resistance zone if it is above the estimated 20-day moving average and is close to $0.65.

Conversely, low volume and continuation of rejection at the 10-day EMA examines current trends around $0.6265. If the price does not exceed the $0.59 support, a deeper reduction to $0.55 could be possible.

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