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Why is Cardano price down today?
ADA experienced a high of $0.68, a peak not seen in 20 months, around mid-December. This rally led to an overbought condition, indicated by the Relative Strength Index (RSI) surpassing 70 on the daily charts. An RSI above 70 often signals an asset being overvalued, which can lead to a trend reversal or a corrective pullback.
