Famous crypto analyst Benjamin Cowen shared a post on his social media account. Cowen expressed his views on Cardano (ADA), the controversial altcoin of recent years.
Expressing his expectations for ADA through the “depression” predicted. Cowen expects the cryptocurrency to lose further value after Cardano price falls below the $0.24 level. The analyst stated that this movement may continue in 2024.
The altcoin analyst, respected by cryptocurrency investors, explained his argument with a breakdown of a support level. According to Cowen’s calculations, the period in which ADA will remain at the bottom will continue until mid-2024. Benjamin Cowen expects the price to rise again after a while.
The famous analyst shared a warning for Cardano investors on the first day of September.