Cardano predicted a further 60% decline. Does the price action show this?

Crypto analyst Benjamin Cowen expects ADA to fall another 60%
The cryptocurrency has been on a downtrend since August amid growing on-chain activity
ADA could claim lower levels  
If you have been thinking of buying Cardano (ADA/USD), it could still be too early. According to popular crypto analyst Benjamin Cowen, ADA prices could fall by another 60%. The token traded at $0.31 at press time, meaning that Cardano could touch $0.12 per the prediction. Why does Cowen think so?
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