Cardano’s recent surge comes amid growing institutional interest and its strategic integration with the Brave browser, which connects ADA to an expansive user base of 86 million.

Despite ongoing global economic uncertainties creating mixed signals in the crypto space, Cardano has stood out with a strong weekly gain of 22%, trading between $0.795 and $0.841. This price action reflects a balance between profit-taking and significant accumulation by major investors.

Key catalysts driving Cardano’s momentum include its recent inclusion in Grayscale’s Digital Large Cap Fund and the rollout of its wallet integration within Brave’s ecosystem. The Brave partnership alone introduces ADA to millions of users worldwide, potentially broadening adoption significantly.

Data from blockchain analytics points to intensified buying by large holders, with those owning between 100 million and 1 billion ADA tokens adding over 40 million ADA in just two days. This institutional accumulation coincides with ADA’s breakout from a descending channel, suggesting potential for sustained gains even as short-term volatility persists.

Technical Snapshot

• ADA showed strong volatility over 24 hours, moving within a 5.9% range, hitting lows near $0.795 and highs around $0.841.
• Early sessions were marked by robust buying at $0.805, pushing prices upward and setting the stage for the peak.
• Profit-taking increased near the $0.828 resistance, with a volume surge to 90 million units around 08:00, leading to a pullback.
• Price action formed a pattern of lower highs, hinting at cooling momentum but holding solid support above $0.810, indicating consolidation.
• In the last hour, ADA climbed 1.3% from $0.816 to $0.827 before dropping sharply 1.5% to $0.809 due to selling pressure.
• A double bottom around $0.809-$0.810 helped stabilize the price, which closed between $0.813 and $0.816.
• Heavy trading during the pullback—over 2.7 million tokens exchanged—points to institutional profit-taking after the rally.

Cardano’s combination of increased exposure through Brave and institutional buying interest positions it well for potential continued growth, despite near-term fluctuations.