Cardano (ADA) Downtrend Could Last Five More Months, Says Analyst Benjamin Cowen – Here’s His Outlook

Cardano’s (ADA) bear market likely has a ways to go before bottoming out, according to closely followed crypto analyst Benjamin Cowen.

In a new strategy session, Cowen says that based on past market cycles, ADA may need the rest of 2023 to find a bottom.

Cowen also thinks that ADA/BTC is also worth keeping an eye on, and says that the pair reaching approximately the 0.000004 BTC ($0.11) level could signal a bottom for the smart contract protocol.