Cardano: Delegate Votes 71M ADA Against Treasury Draw
Cardano delegate @ItsDave_ADA rejects 12M ADA treasury request with 71.37M ADA vote, citing bloated overhead amid $0.17 price action.
SourceAnalysis
Cardano delegate @ItsDave_ADA cast a NO vote using 71.37 million ADA against the dOSPO and OMF treasury withdrawal, rejecting a 12 million ADA commitment over 36 months as excessive overhead in the current market.
Price sits at $0.17 inside the Bollinger band with upper resistance at $0.18 and lower support at $0.16; the EMA50 at $0.17 acts as immediate support while the EMA200 at $0.21 caps upside, and neutral RSI at 54.49 paired with a MACD golden cross suggests any push into the upper band will likely retrace to the 50-EMA before continuation.
Dave
@ItsDave_ADACardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.
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