Cardano expands in Japan – So why is ADA’s price down 4%?

Cardano's foundation has partnered with Pacific Meta to expand its presence in Japan, aiming to integrate Cardano solutions into Japanese businesses. Despite this strategic expansion and founder Charles Hoskinson's optimistic outlook on the Midnight network, ADA's price dropped 4%, with intensified selling pressure and capital outflows. Indicators like the RSI and CMF show a bearish trend, with short sellers currently dominating the market.