ADA Faces Volatility After SEC Lawsuit Dropped, Robust Trading and Brave Wallet Integration Fuel Activity

Cardano (ADA) is currently trading at $0.6634, down 2.05% over the past 24 hours, with trading volumes remaining robust across major exchanges. The recent price decline follows a period of heightened activity, including a 20% surge in ADA/JPY trading pairs as Japan shows increased interest in cryptocurrencies, and the SEC dropping its lawsuit against Cardano, which provided greater legal clarity and briefly boosted sentiment. However, short-term bearish divergence and signs of market fatigue have led to cautious trading, with analysts forecasting ADA to trade in the $0.66–$0.86 range through June. Recent developments, such as the integration with Brave Wallet and discussions around a potential ADA ETF, have contributed to volatility, but the current pullback appears driven by technical factors and profit-taking after recent gains.