Cardano's ADA token has been on a tear, with its price surging to new highs. However, according to one analyst, the token's momentum is set to reverse course, potentially leading to a sharp decline of up to 25%. The warning comes as ADA's price appears to have hit a wall in its recent rally.
Source
"ADA Price Faces 25% Plunge, Analyst Warns of Potential Crash" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
It seems that the token's rapid ascent has finally caught up with it, and a correction is now inevitable. The analyst points out that ADA's price may slip below $0.15 if this trend continues.
ADA · 7D · $0.187−3.5%
