Cardano DRep Votes No on 2.4M ADA Durians Bid

Cardano DRep @ItsDave_ADA cast a NO vote representing 70.4 million ADA against the [OriLife × TonFarm] proposal seeking 2.4 million ADA for a biometric durian-tracing pilot, citing ambiguous financial returns and a 15% upfront advance that violates milestone accountability standards.

Price action on the 4h chart shows ADA at $0.2 inside the Bollinger Bands with EMA50 at $0.23 and EMA200 at $0.24 acting as firm resistance while RSI at 26.13 signals oversold conditions and MACD prints a death cross at -0.01; institutional desks note that any bounce toward upper-band resistance at $0.24 will likely stall before testing the 50-EMA confluence, keeping short-term bias firmly bearish until treasury governance flows stabilize.