Cardano Added to Brave Wallet Beta

Cardano has quietly been integrated into Brave Wallet’s beta version, exposing the blockchain protocol to 88 million monthly active users.

The update was first reported by a Cardano-focused X page on June 19, sharing a screenshot of Cardano (ADA) featured in the wallet UI. This follows an announcement in May from Input Output, the core development company for Cardano, and Brave Software, confirming plans for full Cardano support within Brave’s browser-based crypto wallet.

> 🚨Cardano now in the beta version of Brave!
> That’s 88 million monthly active users!
> Also, BAT holders get the Midnight NIGHT airdrop. #Cardano @IOHK_Charles pic.twitter.com/D0bOyvHbnV
> — St₳ke with Pride 🌈 SPO & DRep (@StakeWithPride) June 19, 2025

This integration enables users to send, receive, swap, and sign transactions utilizing Cardano assets within the privacy-focused browser. Cardano asset holders can manage tokens like Midnight’s NIGHT, engage with decentralized applications, and participate in governance.

Despite the potential boost in exposure from this update, Cardano’s current price did not show significant reaction. At the time of writing, Cardano is trading at $0.6002, down 0.5% for the day and close to its recent low of $0.5913 to a high of $0.6556 over the past week.

In addition, spot market activity has declined, with ADA’s 24-hour trading volume decreasing by 47.3% to $360 million. This trend is evident in derivatives metrics, where open interest has slightly declined and derivatives volume is down by 42%, suggesting a drop in speculative interest.

From a technical perspective, ADA remains in a clear downtrend and is trading near its lowest point since mid-April. The price lies below all key moving averages, from the 10-day to the 200-day, indicating strong bearish momentum.

The Bollinger Bands have narrowed, with the lower band around $0.5899 providing nearby support. ADA is trading near this lower band, reflecting ongoing selling pressure.

Momentum indicators offer a neutral to bearish outlook. The relative strength index (RSI) is at 32.8, nearing oversold territory but lacking any reversal signals. Meanwhile, the moving average convergence divergence (MACD) remains negative, and the stochastic RSI indicates that ADA is deeply oversold without clear bullish divergence. While the Commodity Channel Index (-124) suggests a potential short-term rebound, the prevailing trend remains downward.

A bullish RSI crossover coupled with increased volume may bolster a sustained move above $0.63, potentially pushing ADA towards the $0.70 resistance zone if it surpasses the 20-day estimated moving average near $0.65.

Conversely, continued low volume and rejection around the 10-day EMA at $0.6265 would confirm the existing downward trend, with a deeper decline towards $0.55 possible if the price fails to hold above $0.59 support.

Read more: Cardano launches its first Bitcoin DeFi protocol ‘Cardinal’