CandleFocus Here’s a Potential Downside Price Target for Cardano If ADA Sees New Correction, According to Benjamin Cowen
2024-12-25
Author: Content Editor
The crypto analyst, Benjamin Cowen, predicts that the price of Cardano (ADA) could continue to decline if the Federal Reserve does not implement quantitative easing (QE). He suggests that ADA could drop by 56%, reaching a price of $0.60, similar to its previous cycle. Cowen also points out that ADA's technical indicators support the possibility of a significant dip. Currently, ADA is trading at $0.89, showing a 3% increase in the last day, compared to its value of $1.21 on December 2nd.
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