ADA’s Rally Hits a Wall: Analyst Warns a 25% Drop Could Be Next

Cardano’s native token is among the top-performing cryptocurrencies on a monthly scale, with its price rallying by 15% within that period.

However, the bulls seem to have lost momentum, while popular analyst Ali Martinez outlined some important factors that could trigger a major short-term decline. Going Down Again?

ADA started August on the right foot following the return of the large investors who scooped up more than 240 million coins in less than a week. Its price eventually pumped to almost $0.21 (the highest mark since early June) before retracing to the current $0.187 (per CoinGecko).

Meanwhile, Martinez believes a much more substantial plunge could be on the way.