The Cardano Foundation announced a partnership with Pacific Meta in Japan to help local enterprises integrate Cardano-based solutions. Despite this strategic expansion, ADA’s price dropped 4% to $0.239 on October 2nd, erasing most of the day’s gains. Technical indicators show sustained selling pressure: the RSI stands at 30.55 in oversold territory, and the CMF turned negative at -0.10, indicating capital outflows. The funding rate is now negative at -0.0103, meaning short sellers are paying to maintain their positions against ADA.
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