Cardano Delegate: Rejects Oura TxPipe Withdrawal
Cardano delegate votes NO with 71.39 million ADA on Oura treasury withdrawal while approving UTxO RPC, citing high costs amid neutral ADA price action at $0.17.
SourceAnalysis
Cardano delegate @ItsDave_ADA cast a NO vote with 71.39 million ADA against the Oura by TxPipe treasury withdrawal, arguing the ask exceeds value despite prior Intersect ratification, while approving the UTxO RPC proposal for its multi-language support.
Price holds at $0.17 where EMA50 and EMA200 converge as structural support. With RSI at 57.77 remaining neutral and MACD confirming a bullish golden cross, the market shows no immediate exhaustion. Trading inside the Bollinger band between $0.16 support and $0.18 resistance points to range-bound consolidation before any decisive move, shaping near-term ADA price prediction models around this confluence zone. Cardano ecosystem development continues to hinge on disciplined treasury withdrawal analysis as delegates balance infrastructure funding against broader allocation priorities.
Dave
@ItsDave_ADACardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.