After jumping 20% last week, Cardano (ADA) has now dropped 5%, but there’s more behind it. With the Brave Wallet now supporting ADA and Cardano’s founder teasing more surprises, the stage is set for ADA price to hit a month high. So, is ADA on its way to $1?
Let’s dive in detail, & how $1 reach is possible?
The Brave browser, which has over 70 million users, has officially added support for ADA in its built-in crypto wallet. Reacting to the news, Cardano’s founder Charles Hoskinson hinted that this is just the beginning. He suggested that several more big updates will roll out through the Summer and Fall of 2025.
Hoskinson even joked that VPN and advertising companies might be in for a shock once these integrations go live.
His message was clear, Cardano is entering a new phase of real-world adoption, and the Midnight upgrade is just the start.
This Brave integration has brought back fresh hopes in the Cardano community, especially after ADA’s recent dip. As of now, ADA price is currently trading around $0.79, down 4% today. Still, many traders see this as a healthy correction, not a warning sign.
Looking at the chart, ADA has already broken past the $0.72 and $0.75 levels, which is a good sign. It is now sitting close to the $0.786 level, which is an important zone.
If it can break through this and hold, the next targets could be around $0.86 and even higher, like $1.00.
One more positive sign is that the trading volume is strong currently at $1.88 billion, reflecting a surge of 65% seen in the last 24 hours, which means a lot of people are buying and selling ADA right now.
Technical signs like RSI also hint at a bullish momentum as it is still at 61. However, if it fails to move higher, the price might fall back down to support near $0.72 or $0.67.
The Brave Wallet now supports ADA, which could increase ADA adoption by over 70 million users, potentially boosting the price.
Cardano is showing bullish momentum, with key resistance levels broken. If ADA holds above $0.79, it could target $0.86 and possibly $1.
Even the most bullish of Cardano supporters acknowledge that Cardano will only potentially surpass Ethereum within 18 to 20 years.
Cardano (ADA) is showing signs of weakness as its long/short ratio drops, signaling a surge…
With XRP struggling to hold key support and whales quietly loading up, all eyes are…
Ozak AI is catching serious attention as it pushes deeper into its 4th presale stage.…
Michael Saylor is doubling down on Bitcoin again. In a recent CNBC interview, he hinted…
Early investors in Shiba Inu and Pepe Coin saw life-changing returns. Now, ChatGPT and other…
As the crypto market enters a phase of reshuffling, whales are offloading large amounts of…
