Cardano (ADA) Gains 22% in One Week Thanks to Brave Browser’s User Growth

Cardano (ADA) has surged by 22% over the past week, powered by growing institutional demand and a high-profile integration with the Brave browser that expands ADA’s reach to over 86 million users worldwide.

Amid ongoing global economic uncertainty, ADA has exhibited both sharp price swings and notable investor interest, trading in a range between $0.795 and $0.841. This movement reflects a tug-of-war between profit-taking and strategic accumulation by large holders.

The recent inclusion of Cardano in Grayscale’s Digital Large Cap Fund, coupled with its wallet integration within Brave, has substantially boosted ADA’s visibility and accessibility. The Brave wallet integration, in particular, opens up Cardano to millions of new potential users, significantly enhancing its growth prospects.

Blockchain data indicates that large holders, specifically those controlling between 100 million and 1 billion ADA tokens, have increased their positions by over 40 million tokens within just two days. This surge in institutional buying coincides with ADA breaking out of a descending channel pattern, suggesting further bullish momentum despite intermittent volatility.

Technical Overview

ADA traded within a 5.9% price range over 24 hours, fluctuating between $0.795 and $0.841.
Strong buying interest near the $0.805 support level helped push the token to its intraday highs.
Profit-taking pressure emerged near $0.828, where trading volume spiked to 90 million units, prompting a pullback.
Price action formed lower highs following the peak, indicating some loss of momentum but solid support above $0.810 hints at consolidation.
A sharp rally lifted ADA from $0.816 to $0.827 (1.3%) before intensified selling dropped prices to $0.809 (1.5% decline) in quick succession.
The formation of a double bottom near $0.809-$0.810 stabilized prices, which ended the session between $0.813 and $0.816.
High trading volume during the correction phase suggests institutional profit-taking after the recent run-up.

With the combination of increased exposure through the Brave partnership and strong institutional accumulation, Cardano appears well-positioned for further growth, despite ongoing market fluctuations.