Cardano’s making moves, but its price isn’t exactly throwing a party. On June 19, a Cardano-focused X page shared a little gem, a screenshot showing Cardano now live in Brave’s crypto wallet. Sounds like a big win, right? I mean, Cardano holders can now send, receive, swap, and sign transactions directly in the privacy-first browser. And that’s not all, users can manage tokens like Midnight’s NIGHT, interact with decentralized apps, and even participate in governance. Pretty neat, huh?
🚨Cardano now in the beta version of Brave!
— St₳ke with Pride 🌈 SPO & DRep (@StakeWithPride) June 19, 2025
That's 88 million monthly active users!
Also, BAT holders get the Midnight NIGHT airdrop. #Cardano @IOHK_Charles pic.twitter.com/D0bOyvHbnV
But here’s the catch: despite all the excitement around this update, Cardano’s price action is still stuck in neutral. At the time of writing, ADA is sitting at $0.6002, down 0.5% on the day and hanging near the lower end of its 7-day range. Oh, and its 24-hour trading volume? Down a staggering 47.3%, sitting at just $360 million. Seems like the market's not exactly throwing a parade for this integration.
ADA’s Price Action Struggles
The technicals are looking... well, not great. ADA is still trending down and trading at its lowest level since mid-April. It’s below all major moving averages, which isn’t exactly a sign of bullish momentum. The Bollinger Bands are getting tighter, and ADA is hugging the lower band at $0.60. Usually, that’s a sign that sellers are in charge. The RSI is inching close to oversold territory, and the moving average convergence divergence (MACD) is still in the red. Oh, and the stochastic RSI is deeply oversold but has yet to show any signs of life. So yeah, things are looking a bit grim.
But there’s a glimmer of hope. If ADA can break above the 20-day moving average around $0.65, it could push toward the $0.70 resistance zone. A little volume boost and some RSI love could make this happen. But if it keeps flirting with the low volume and rejects at the 10-day EMA around $0.6265, don’t be surprised if we see a deeper dip toward $0.55.
So, will this update give Cardano the boost it desperately needs, or will it remain stuck in the same old downtrend? We’ll have to wait and see.
Emily Johnson
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