On May 12, the browser Brave, which was organized in privacy, officially announced the Full Cardano integration (ADA) in its native multi-chain letter bag. With this partnership with input output global (IOG), the developers behind Cardano, users can manage AdA and native tokens directly in a daring wallet.
ADA looks like Bullischer Newswhy towards technical resistance
Brave adds Cardano to his local wallet. Source: x
While the move for the Cardano ecosystem was widely checked out, the market response was overwhelming. According to the news, the token rose briefly to $ 0.8336, however it couldn’t maintain the upward dynamics. From May 14, Ada will act with about $ 0.8084 and shows a decline of two.61% a day. In view of the scope of integration, the dealers expected greater profits. However, the worth couldn’t break through an important level of resistance.
Despite bullish news, ADA is pending on technical resistance
Ada is currently fighting to maintain $ 0.80. According to the ADA/USD-1-day table, ADA was rejected near $ 0.83 and is now $ 0.8084, which works back by 2.61% on the day of May 14th.
Ada tries to interrupt the resistance near 0.85 US dollars. Source: Tradingview
Four essential exponential moving average values (EMAS) -20, 50, 100 and 200 days converge between $ 0.71 and $ 0.74 and form a basis. This structure often supports the upward movement, but the shortage of strong follow-through-through indicates a market.
The relative strength index (RSI) is currently 63.41. While that is near the overbought zone (over 70), this also indicates that the bullish impulse slows down. Remarkably, the RSI forms lower heights, while the worth attempts to rise – a classic bear diversion pattern that always signals a possible withdrawal or possible consolidation. If ADA doesn’t break over $ 0.85, the upward trend may very well be.
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Why the brave integration alone was not enough
The brave integration improves Cardano's user -friendliness. Users can now access their browser directly via the Cardano blockchain, manage tokens and interact with decentralized apps. Market reactions indicate that it was not a powerful catalyst for an ADA rally. This will not be unique in Cardano. An analogous pattern was created when Brave added support for Solana at the tip of 2021.
At that point, Solana (SOL) reached November 9, 2021 near 248 USD in the midst of a high trade volume. Despite the support of well -being and the growing ecosystem activity, the worth progressively decreased in the next months.
Last Solana integrations with brave show an identical pattern. Source: Coinmarketcap
This precedent indicates that the integrations improve the blockchain usability, but don’t all the time make them immediate pricing – especially if wider market moment is weak.
Investors could also be waiting for simpler updates, and an increased transaction volume, defi growth or stronger on-chain indicators. In addition, wider macrofactors, including the performance of Bitcoin and regulatory developments, influence the ADA price.
