Cardano’s ADA: Could $1 Be on the Horizon?

After a 20% surge last week, Cardano’s ADA token has seen a slight 5% dip, but the outlook remains promising. With the Brave Wallet now supporting ADA and Cardano's founder teasing more developments, there are growing hopes that ADA could reach a new month-high — possibly even hitting $1.

The integration of ADA into the Brave Wallet, which has over 70 million users, marks a significant step in Cardano's journey toward wider real-world adoption. This move has sparked excitement within the Cardano community, especially as Charles Hoskinson, the founder of Cardano, hinted that more major updates would follow through the Summer and Fall of 2025. Hoskinson even joked about how VPN and advertising companies might be impacted once these updates go live, signaling a shift toward more mainstream usage.

Despite ADA's recent price correction, which sees it currently trading around $0.79, the mood remains positive. The community views the dip as a healthy adjustment rather than a cause for concern. ADA has successfully broken past the $0.72 and $0.75 levels, and now sits near the crucial $0.786 mark. If the price can hold above this level, the next targets could be $0.86 and, potentially, $1.00.

The trading volume for ADA is also showing strong signs of momentum, with $1.88 billion in trading activity, reflecting a 65% increase in the last 24 hours. Additionally, technical indicators, such as the RSI (Relative Strength Index), suggest that bullish momentum is still in play with a current reading of 61. However, if ADA fails to maintain upward momentum, it may face a pullback to support levels around $0.72 or $0.67.

As Cardano’s real-world integrations continue to evolve, ADA’s journey toward $1 remains on the table, with the potential for more price action in the coming months.