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7/6/2026 8:09:00 AM

ADA: Delegate Casts 71M Vote for Hydra Treasury

ADA: Delegate Casts 71M Vote for Hydra Treasury

ADA delegate votes 71.38 million for Hydra v2 withdrawal, citing live adoption and Cardano scaling roadmap.

Source

Analysis

ADA delegate @ItsDave_ADA cast a YES vote using 71.38 million tokens on the IO: Hydra treasury withdrawal, citing direct protocol improvements and rising live usage.

Price action shows ADA at $0.19 inside Bollinger Bands with upper resistance at $0.2. With the 50-EMA holding at $0.17 and RSI at 61.08, a measured pullback to that EMA support appears likely before any extension toward the upper band. MACD death cross at 0.01 adds caution near current levels. This vote aligns with ongoing Cardano scaling solutions and Hydra protocol adoption that traders monitor for ADA price prediction signals.


Dave

@ItsDave_ADA

Cardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.

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