Brave Wallet is adding Cardano support just as ADA breaks a months-long downtrend, with analysts turning bullish.
By Parth Dubey
Editor Hamza Tariq
Updated
3 mins read
Brave Wallet, the integrated crypto wallet within the privacy-focused Brave browser, is set to add support for the Cardano ADA $0.71 24h volatility: 3.3% Market cap: $25.55 B Vol. 24h: $547.02 M blockchain. This gives users the ability to directly send, receive, and swap ADA and other Cardano-native assets without external extensions.
This move, announced by Cardano developer Input Output (IO), adds Cardano to Brave’s existing support for Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B and Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B . The community is expecting the integration to improve Cardano’s wallet accessibility and enable on-chain governance participation.
IO CEO Charles Hoskinson stated that the development is part of a larger mission to enable private, seamless, and secure blockchain interactions.
The update comes at a time when ADA witnessed a sharp recovery after falling to $0.55 on April 9. In the past month, the ninth largest cryptocurrency has surged over 50% and is now trading around $0.798.
ADA had been stuck in a downward price channel since mid-November 2024 on the 2-day chart. However, that trend was broken recently, sparking bullish sentiment among traders.
Popular analyst Crypto Beast showed optimism for ADA’s mid-term outlook, predicting strong potential over the next 4–5 months.
Bullish on $ADA for the next 4-5 months pic.twitter.com/FI6nnaU7Dv
— Crypto Beast (@cryptobeastreal) May 11, 2025
On the daily chart, the RSI sits at 58.25, leaving room for a continued uptrend. A break above the $0.85 resistance zone could lead the cryptocurrency to $0.93 and eventually the psychological barrier at $1.00.
ADA price chart with RSI and Bollinger Bands | Source: Trading View
ADA is pushing against the upper Bollinger Band, indicating strong bullish momentum. However, in the past 24 hours, the price has seen a 3% drop, suggesting consolidation in the short-term.
Traders should watch the key support at $0.72 and $0.65. Breaching these levels may invalidate the current bullish setup.
Meanwhile, the MACD shows a bullish crossover, with the MACD line trending above the signal line, hinting at growing buying pressure.
ADA price chart with MACD | Source: Trading View
Note: this is a sponsored message from our partners
Amid the developments around ADA, another project is quietly gaining momentum: Solaxy, a Layer-2 solution built on Solana with cross-chain capabilities. Solaxy aims to solve Solana’s congestion issues by batching and verifying transactions off-chain before recording them securely on-chain.
Solaxy’s native token, SOLX, serves as the gateway to the Solaxy ecosystem and offers users access to key network utilities. At the time of writing, the project is in its presale phase, offering its token at a discounted rate. Payments are accepted in ETH, USDT, BNB, and SOL.
With a staking yield of 114% and around 10 billion SOLX tokens already staked, the project is drawing serious attention. The presale is ending in the next few hours, with a potential price surge by the team.
Current Presale Stats:
For investors seeking scalable blockchain solutions and high-yield staking, Solaxy offers a promising vision of Solana’s next chapter.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
