Cardano News: Major Upcoming Update To Boost ADA Price Back to $1
Mustafa Mulla13 May 20252 min read
After jumping 20% last week, Cardano (ADA) has now dropped 5%, but there’s more behind it. With the Brave Wallet now supporting ADA and Cardano’s founder teasing more surprises, the stage is set for ADA price to hit a month high. So, is ADA on its way to $1?
Let’s dive in detail, & how $1 reach is possible?
Cardano’s Brave Wallet Integration
The Brave browser, which has over 70 million users, has officially added support for ADA in its built-in crypto wallet. Reacting to the news, Cardano’s founder Charles Hoskinson hinted that this is just the beginning. He suggested that several more big updates will roll out through the Summer and Fall of 2025.
Hoskinson even joked that VPN and advertising companies might be in for a shock once these integrations go live.
His message was clear, Cardano is entering a new phase of real-world adoption, and the Midnight upgrade is just the start.
ADA Eyeing $1 Mark – Key Levels To Watch
This Brave integration has brought back fresh hopes in the Cardano community, especially after ADA’s recent dip. As of now, ADA price is currently trading around $0.79, down 4% today. Still, many traders see this as a healthy correction, not a warning sign.
Looking at the chart, ADA has already broken past the $0.72 and $0.75 levels, which is a good sign. It is now sitting close to the $0.786 level, which is an important zone.
If it can break through this and hold, the next targets could be around $0.86 and even higher, like $1.00.
Bullish Momentum Isn’t Over Yet
One more positive sign is that the trading volume is strong currently at $1.88 billion, reflecting a surge of 65% seen in the last 24 hours, which means a lot of people are buying and selling ADA right now.
Technical signs like RSI also hint at a bullish momentum as it is still at 61. However, if it fails to move higher, the price might fall back down to support near $0.72 or $0.67.
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FAQs
- The Brave Wallet now supports ADA, which could increase ADA adoption by over 70 million users, potentially boosting the price.
