#Why is Cardano price down today?

ADA price is down today, and a handful of onchain and technical factors suggest that the downside is not over for the altcoin.

Cardano (ADA) price displays weakness on March 11, down 2.5% over the last 24 hours to trade at $0.7250. A weakening technical setup and several onchain signals suggest that ADA could see a deeper correction in the coming days.

ADA/USD daily chart. Source: Cointelegraph/TradingView

Let’s take a closer look at why ADA price is underperforming today.

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