Brace For Impact: This Expert Trader Says Cardano (ADA) Will See A 50% Decline

Cardano (ADA) has seen its price decline significantly over the last year after hitting a new all-time high above $3. The digital asset is down more than 86% from this all-time high value to be sitting just above $0.4 at the time of this writing in what looks like the digital asset has found its bottom. However, expert trader Peter Brandt says that the worse is not yet over for the digital asset, and more decline in price should be expected.

ADA Will Decline by 50%

In true chartist fashion, analyst Peter Brandt took to Twitter to post a chart that outlined important technical levels for the digital asset. He points out that the digital asset was forming what is known as a “classic descending triangle.” Brandt outlines that this point to a possible decline for the digital asset going forward.

According to analyst