Brave Wallet’s 88M User Beta Opens to Cardano (ADA) – Liftoff or Another Crypto False Start?

Cardano just grabbed a golden ticket—access to Brave Wallet’s 88 million-strong user base. The integration, now in beta, could pump fresh blood into ADA’s veins… or become another 'adoption milestone' that traders ignore.

Why this matters: Brave’s privacy-focused browser has a cult following. If even 5% of users dabble in ADA, that’s 4.4 million potential new buyers. But remember—this is the same market that yawned when Bitcoin got ETF approval.

The cynical take: Wall Street still thinks 'proof-of-stake' is a gym membership. Until ADA flips a zero on its price chart, institutional money will keep 'accidentally' buying more ETH.

The Bollinger Bands have been narrowing, with the lower band around $0.5899 acting as nearby support. ADA is hugging this lower band, which is usually an indication that selling pressure is present. 

Momentum indicators, on the other hand, show a neutral to bearish picture. With a value of 32.8, the relative strength index is getting close to oversold territory but hasn’t displayed any reversal signals yet.

The moving average convergence divergence is still in negative territory, while the stochastic RSI shows that ADA is deeply oversold but lacks a definite bullish divergence. Although there may be a short-term rebound indicated by the Commodity Channel Index at -124, the general trend direction is still downward.

A bullish RSI crossover and fresh volume may support a sustained MOVE above $0.63. ADA could move toward the $0.70 resistance zone if it breaks above the 20-day estimated moving average close to $0.65.

Conversely, a continuation of low volume and rejection at the 10-day EMA around $0.6265 WOULD validate the current downward trend. A deeper decline toward $0.55 might be possible if the price fails to stay above the $0.59 support.