Cardano Price Drops as Treasury Proposal Suggests Investing in Copper

ADA keeps printing lower highs inside a descending channel that began in early October. The 200 EMA and a broken Fibonacci level now cap every rebound attempt. Toto Finance wants Cardano’s treasury to fund a physical copper reserve tokenized on-chain. Early DRep voting leaves the proposal far short of the approval threshold. Cardano price fell to $0.2039 on Sunday, leaving ADA roughly 28% below its October 6 peak of $0.2823 as a descending channel on the 4-hour chart kept pushing it toward the $0.20 mark.

Source: Crypto News Flash