According to @ItsDave_ADA, Cardano (ADA) has resumed its price action momentum, signaling renewed trading activity. Traders are closely monitoring ADA's support and resistance levels as the asset shows signs of increased volatility, which may impact short-term trading strategies and liquidity provision in the broader crypto market. Source: Twitter/@ItsDave_ADA.

According to @ItsDave_ADA, recent developments in Cardano governance highlight a critical flaw as decisions are being driven by offchain input, making the process comparable to traditional political systems characterized by bias and centralization (source: Twitter, June 10, 2025). For ADA traders, this raises concerns about the platform's decentralization narrative and could impact investor confidence, trading volume, and on-chain participation. Monitoring sentiment and governance updates is essential for assessing short-term ADA price action and long-term ecosystem stability.

According to @ItsDave_ADA on Twitter, Cardano holders are urged to delegate their voting power to DReps who align with their interests, as unnecessary spending of treasury funds results in immediate sell pressure on ADA tokens (Source: @ItsDave_ADA, June 10, 2025). For traders, this highlights the importance of monitoring governance proposals and treasury allocations, as increased expenditures could trigger short-term downward price movements for ADA. The emphasis on voting against random bundled proposals serves as a caution to avoid funding initiatives that may not benefit the ecosystem, supporting more stable and positive price action for Cardano in the crypto markets.

According to Dave (@ItsDave_ADA), interest in Layer 2 solutions on Cardano is growing, signaling potential for increased scalability and lower transaction fees on the Cardano blockchain (source: Twitter, April 25, 2025). This heightened attention may impact ADA's trading volume and price action as traders anticipate technology rollouts and ecosystem growth. Monitoring Cardano Layer 2 advancements is recommended for traders seeking to capitalize on future network upgrades and related token movements.