Analyst Benjamin Cowen says one factor could lead to a “bigger” sell-off in Cardano — here’s his prediction
A widely followed cryptocurrency analyst warns that Ethereum (ETH) rival Cardano (ADA) may suddenly decline due to one key factor.
In a new video update, cryptocurrency strategist Benjamin Quinn He tells If bad US economic data comes out, the ADA could collapse to much lower levels, his 857,000 YouTube subscribers said.
However, he says that if the unemployment rate or inflation rate hovers within expectations, ADA could repeat a historical pattern and move above its local high of around $1.20.
“My guess is in the short term [ADA] Still some weakness may appear here. Obviously, if you get a really bad data point like high employment or high inflation, you’ll probably get a bigger sell-off by ADA. But as long as that doesn’t happen, there’s still a good chance she can repeat what she did in the past two years.
He also warns that ADA may repeat a similar pattern from a year ago and could fall more than 20% from its current value before the rally.
“It is possible that what happened here will be repeated [in January 2024]. What’s interesting is that it happened at the exact same time, more or less. This high was from ADA/USD last year around January 10 or so. This height [in 2025] It was January 7th, and you can see that it was actually a lower high compared to the first high of the year.
Therefore, if this continues in the same way, which there is no guarantee, it is still possible that ADA/USD will sweep these lower levels here. [between $0.75 and $0.85]”.
ADA is trading for $0.95 at the time of writing, down 2.6% over the past 24 hours.
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