Cardano joins Brave Wallet beta as ADA eyes recovery
Cardano was discreetly added to the beta version of Brave Wallet, giving the Blockchain protocol a direct exposure to the 88 million active users of the browser.
The update was spotted for the first time by a page X focused on Cardano on June 19, which shared a screenshot showing Cardano (ADA) Live in the portfolio interface. This follows an official announcement From May, when the entry output, the basic development company of Cardano and the Brave software confirmed plans to integrate the complete media of Cardano into the native cryptographic portfolio of the Brave browser.
Integration allows users to send, receive, exchange and sign transactions using Cardano assets within the confidentiality -focused browser. It also allows Cardano owners to manage tokens like Midnight’s Night, to engage with decentralized applications and to participate in governance.
Despite the update, which should massively improve the Cardano exhibition, the price action has not yet reflected a strong response. At the time of the press, Cardano is negotiated at $ 0,6002, down 0.5% on the day and near the lower end of its 7 -day range between $ 0.5913 and $ 0.6556.
The activity of the market to the point has weakened, the volume of negotiation 24/24 of ADA in bathing of 47.3% at 360 million dollars. The derived metrics reflect this trend. According to Coinglass dataThe open interest has decreased slightly and the volume of derivatives is down 42%. This implies a decrease in speculative interest.
By looking at the technical image, ADA is still down in a clearly defined downward trend, exchanging near its the lowest Level since mid-April. The price is lower than all significant medium of moving, ranging from 10 days to 200 days, indicating a strong downward dynamics.
Bollinger bands shrink, the lower band of around 0.5899 $ acting as a nearby support. Ada hugs this lower strip, which generally indicates that the sales pressure is present.
Enimony indicators, on the other hand, show a neutral to bearish image. With a value of 32.8, the relative force index is similar to the territory of occurrence but has not yet displayed inversion signals.
The divergence of the mobile average convergence is still in negative territory, while the stochastic RSI shows that ADA is deeply occurring but does not have a defined bullish divergence. Although there may be a short -term rebound indicated by the freight channel index at -124, the general management of the trend is still down.
An RSI Haussier crossing and a new volume can support a sustained movement above $ 0.63. The ADA could move to the resistance zone of $ 0.70 if it breaks above the estimated mobile average of 20 days almost $ 0.65.
Conversely, a continuation of low volume and rejection to the EMA of 10 days around $ 0.6265 would validate the current down orient yourself. A deeper drop to $ 0.55 may be possible if the price does not remain above $ 0.59 support.
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