Cardano: DRep Rejects Tweag 40M ADA Treasury Bid

Cardano DRep @ItsDave_ADA cast a NO vote using 69.28 million ADA against the Tweag Core Cardano Infrastructure treasury withdrawal for 2026-2028, flagging the nearly 40 million ADA ask and the bundling of seventeen work packages into one inflexible pipeline.

Price action on the 4h chart shows ADA testing lower Bollinger support at $0.23 with EMA50 resistance at $0.24 and EMA200 at $0.25 while MACD registers a death cross and RSI sits at 39.57; this confluence keeps near-term momentum capped until a decisive break above the 50-EMA occurs.