- The Cardano Foundation is seeking community approval to run Project Catalyst, the network’s official community funding and governance system.
- $ADA consolidates below the $0.304 resistance; a breakout could trigger a price rise toward the $ 0.338-$0.376 liquidity levels.
The Cardano Foundation is seeking approval from the $ADA community to take over the management of Project Catalyst, following ongoing coordination with Intersect, which oversees fund administration.
As of January this year, Project Catalyst’s Fund15 was put on hiatus as part of an overview of its structure and direction. Despite this hiatus, the projects passed in previous funding rounds will still proceed. There are over 500 projects currently in operation, with over 2,200 funded since the program’s inauguration.
Meanwhile, the Cardano Foundation and Input Output Global are reevaluating their roles in the fund’s development. Regular meetings have been held to coordinate the process, which have resulted in a proposal for the Cardano Foundation to assume management.
The Cardano Foundation, supported by @IOGroup, is requesting community approval to become the new managing entity of Project Catalyst.
This will ensure continuity of operations and minimize delays on milestone reviews and payouts.
Explore the GA: https://t.co/gK5P9RwdRG
— Cardano Foundation (@Cardano_CF) March 17, 2026
Some of the changes to Fund15 were made through voting with a 2% threshold based on active stake. However, results from Fund14 showed that combining these measures reduced the number of projects that could meet the requirements.
Previously, CNF reported that the Cardano Foundation improved Project Catalyst voting by linking multiple stake keys to a single voting key for more efficient participation.
Last week, we covered the Cardano Foundation’s proposal to withdraw 50 million $ADA from the Treasury as initial funding for the Orion Venture Fund managed by Draper Dragon. Under the plan, the Treasury will make three withdrawals, capped at 175 million $ADA or $75 million, although current market prices place the committed $ADA below the threshold USD target.
Cardano ($ADA) Approaches Key Resistance
The Cardano price has traded in a tight range in recent weeks, with support at $0.245 and resistance at $0.304. This consolidation has extended over 45 days and indicates that the market has been less volatile and participation has been more balanced. The recent trend toward the high end indicates growing purchasing pressure, as the price approaches a level that has consistently capped upward attempts.
The immediate resistance is at $0.304, but a confirmed breakout above this area will change the short-term structure. Should $ADA price break and remain above this resistance, $0.338 and $0.376 become the next points of interest.
At press time of writing, $ADA was trading at $0.2866, dipping slightly in the past 24 hours, with a market cap of $10.35 billion.
Two weeks ago, Cardano expanded its retail payments use case in Switzerland through a partnership with DFX.swiss that enabled $ADA payments at 137 SPAR stores.
