Cardano (ADA) Struggles at Key Resistance After Brave Wallet Integration, Despite Institutional Interest

Cardano (ADA) has recently been integrated into the Brave browser’s native wallet, enabling over 86 million users to directly manage ADA and native tokens through Brave. This development and recent inclusion in Grayscale’s Digital Large Cap Fund, along with accumulation by large investors (’whales’), drove significant initial optimism and a brief price surge. However, despite these bullish catalysts, ADA has struggled to maintain upward momentum. After a spike to $0.8336, ADA’s price fell back to $0.8084, down 2.61% by May 14. Technical analysis reveals persistent resistance near $0.80–$0.83, with multiple rejections at these levels. The main EMAs (20, 50, 100, 200-day) form a support base between $0.71 and $0.74, but market indecision continues. The Relative Strength Index at 63.41 signals waning bullish momentum and a bearish divergence pattern, pointing to potential short-term pullbacks or consolidation. The Brave-Cardano integration boosts blockchain visibility and access, but has yet to catalyze a sustained rally—similar to Brave’s earlier Solana integration. Price action remains influenced by broader market conditions, Bitcoin dynamics, and regulatory developments. Traders should closely monitor these levels and overarching market sentiment for potential breakouts or further downside.