Cardano price risks $0.113 as Summit 2026 cancellation hits ADA
The post Cardano price risks $0.113 as Summit 2026 cancellation hits ADA appeared on BitcoinEthereumNews.com. Cardano price remains under pressure after the Cardano Foundation confirmed that its proposed Cardano Summit 2026 will not take place this year following failed treasury votes. Summary Cardano Summit 2026 was canceled after DReps rejected funding, adding fresh governance pressure around ADA. ADA traded near $0.236, below Ali’s $0.247 channel floor, keeping downside targets in focus now. RSI and MACD remain weak, while low volume shows buyers have not regained control yet. The Cardano Foundation said it would respect the outcome of the latest treasury proposal votes after the community rejected funding for the planned Cardano Summit 2026. The organization said governance requires participation and a commitment to accept collective decisions. In a statement on X, the Foundation said the proposed event “will not take place this year” after the vote failed. It added that it had rev