Cardano DRep: Votes No on 500M Treasury Limit

Cardano DRep @ItsDave_ADA voted No on the Net Change Limit governance action for epochs 613-713 using 72.36 million ADA voting power, blocking an increase to a 500 million ADA spending ceiling.

The decision highlights fiscal concerns amid sustained weakness, with Cardano having slipped outside the top 10 and already exhausting most of the prior 350 million ADA limit at current rates near $0.17 per ADA.

Price action on the 4h chart shows a bullish trend structure with EMA50 and EMA200 both at $0.17 acting as concrete support levels while the MACD golden cross reinforces momentum and RSI at 55.72 stays neutral inside the Bollinger Bands, suggesting any test of upper resistance at $0.17 could trigger a measured pullback toward the 50-EMA before continuation.