Key Notes
- Cardano’s governance vote on a $70 million critical integrations budget surpassed DReps’ 53% approval.
- ADA price was rejected at $0.44 amid a broader market rally, sliding to $0.41 as selling pressure intensifies.
- Derivatives data shows the bulls narrowly retaining control, but a group of short sellers of $22 million at $0.44 forms a major wall of resistance.
Cardano began the weekend under slight pressure, trading just above $0.41 on Saturday, November 29, following a 2% intraday decline that trimmed weekly gains to 3.4%. ADA had hit a weekly high of $0.44 on Thursday as the broader market rebounded, buoyed by Bitcoin’s move from $82,000 to $92,700.
Momentum slowed shortly after the Cardano team launched a major governance vote on a critical integrations budget requesting 70 million ADA to finance the upgrade of basic infrastructure. The proposal is now on track to be approved after founder Charles Hoskinson publicly supported the initiative alongside key ecosystem entities including Input Output HK, EMURGO, Intersect and Midnight.
The governance action seeks 70 million ADA from Treasury to create a strategic integration fund to integrate top-tier stablecoins, institutional custody solutions, analytics providers, bridges, and pricing oracles.
With @InputOutputHK, @EMURGO_io, @IntersectMBOAnd @minuitfdnwe have submitted a governance action to establish a budget for critical integrations for Cardano.
If it is approved by the DReps and the constitutionality verified by the Constitutional Commission, the fund will be…
– Cardano Foundation (@Cardano_CF) November 28, 2025
Proponents argue that this is the foundational layer Cardano needs to unlock significant DeFi growth and Real-world asset activity while bringing the network closer to long-term rate viability.
The voting data reflects a decisive trend toward approval. The delegated representatives (DReps) voted in favor of 2.94 billion ADA, or 53.14%. An additional 7.89 billion ADAs are currently abstaining, while 173.56 million ADAs, or 3.14%, have been filed against the proposal. About 2.59 billion ADAs, or 43.72 percent, have not yet voted.
Among stake pool operators, 237.73 million ADA were provided in support, with almost all other voting weights remaining inactive. Participation in the Constitutional Committee is currently zero, with all seven members yet to vote. With DReps votes exceeding the 53% threshold, the governance action is currently in the process of being approved, although voting remains open until December 30.
Cardano Price faces major selling wall at $0.44
ADA now faces significant resistance at $0.44, where derivatives positioning shows concentrated short exposure. Data from Coinglass shows long positions totaling $43 million compared to $40 million for short positions, indicating that the bulls still hold a slight advantage despite overhead pressure.
Cardano Liquidation Card (ADA), November 29 | Source: Coinglass
The most notable pocket of liquidity is directly at the $0.44 level, where traders have accumulated $22 million in short-term leverage.
Such clusters often act as magnets for volatility and can either trigger rapid forced buying on a breakout or a sharp rejection when momentum runs out of steam. Given current conditions, ADA price is unlikely to break through the $0.45 barrier without a considerable increase in market volumes.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with experience supporting various Web3 startups and financial organizations. He completed his undergraduate degree in Economics and is currently studying for a Master’s degree in Blockchain and Distributed Ledger technologies at the University of Malta.
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