This Is When Traders Can Expect Cardano To Begin Its Breakout, According to Crypto Analyst Benjamin Cowen

This Is When Traders Can Expect Cardano To Begin Its Breakout, According to Crypto Analyst Benjamin Cowen


Widely followed crypto market analyst Benjamin Cowen is plotting a potential path for Cardano (ADA) to break out towards new highs.

In a new video, Cowen tells his 561,000 YouTube subscribers that he anticipated a sideways lull in the market after ADA made a run to $2.50 from its 2020 low of just $0.02.

 

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“This is sort of what we sort of speculated was going to happen with ADA after a crazy move up. And the idea that the cycle is gonna take even longer, [it] makes sense to get a long consolidation phase. You don’t go from $0.02 to $2.00 and then continue higher, usually, without proving to the market that $2.00 can be held.”

As to when the next breakout will start,

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