Cardano: Dave Abstains on 71.37M ADA Scalus Vote
Cardano delegate @ItsDave_ADA abstains with 71.37 million ADA on Scalus treasury withdrawal citing fiscal caution at $0.17 price.
SourceAnalysis
Cardano whale @ItsDave_ADA registered an ABSTAIN vote with 71.37 million ADA on the Scalus treasury withdrawal proposal for JVM-focused application scaling, citing an 8.5 million ADA ask as excessive amid strict fiscal prudence and Cardano treasury withdrawal governance voting history.
Price action on the 4h chart shows ADA at $0.17 inside the Bollinger bands with EMA50 support at $0.17 and EMA200 resistance at $0.21, while neutral RSI at 54.71 and MACD golden cross point to a likely test of $0.18 upper band resistance before any continuation, shaping near-term ADA price prediction and crypto market crash recovery bets.
Dave
@ItsDave_ADACardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.