Cardano Looking Strong, Says Crypto Analyst Benjamin Cowen – Here’s His Latest Forecast

Cardano Looking Strong, Says Crypto Analyst Benjamin Cowen – Here’s His Latest Forecast


Crypto analyst and trader Benjamin Cowen says that Cardano looks strong as it continues to stay above key levels amid the continued correction in the broader crypto market.

In a new video, Cowen tells his 444,000 subscribers that a rally to Cardano’s 2021 high of 0.000054 against Bitcoin (ADA/BTC) is in the cards given the pair’s swift bounce after the crypto pullback.

 

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“We have a long way to go for this cycle, and ADA still looks relatively strong to me. The ADA/BTC valuation is currently at 4,500 satoshis (0.000045). For us to get back up to the local top that we just had a few weeks ago, we would need to go up another 12% or so. For an invariant Bitcoin, that would put the price of ADA at about $1.87 or so.”

On May 19th, Cardano dropped to $1.01 from its all-time high of $2.47, representing a sharp decline of about 60%. At time of writing, Cardano

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