Here’s How Long It May Take for Cardano To Reignite, According to Crypto Analyst Benjamin Cowen

Here’s How Long It May Take for Cardano To Reignite, According to Crypto Analyst Benjamin Cowen


Crypto analyst and trader Benjamin Cowen is updating his outlook on Cardano (ADA) as the Ethereum competitor remains in a downtrend.

In a new strategy session, the closely followed analyst says that ADA has entered a large trading range, and adds that he expects the smart contract platform to break out within the next four months.

“We’ve at least reached the window where I believe we’ll see ADA ultimately breakout to the upside, starting from mid-November until sometime in late March is what I’m dubiously speculating on, based on some prior trends that we’ve seen.”

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Cowen says that Cardano has slipped below the bull market support band, which is a combination of the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).

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