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Cardano (ADA) Price Crash On Horizon – Peter Brandt Predicts Lower Levels

Author: Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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The crypto market has succumbed under bearish pressure as Bitcoin is still hovering around the $18,000-$19,000 mark, bringing the global crypto market cap under $1 trillion.

Meanwhile, Cardano, which was expected to drop after the Vasil hardfork launch just like Ethereum did after its merger, is about to see a severe price crunch in the days to come.

A well-known crypto analyst and trader, peter brandt , posted an ADA chart via the Twitter platform that suggests that Cardano has settled in a descending triangle chart graph.

Cardano Price To Drop

Peter Brandt is known for accurately predicting crypto price action. He had posted an ADA chart just a week ago, where he claimed that if Cardano decides to resume within the descending triangle pattern, ADA will see another price drop.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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