Cardano price nears $0.17 despite Dijkstra roadmap

Cardano price fell about 1% to $0.174 as traders weighed a two-stage Dijkstra upgrade roadmap against a bearish chart structure and nearby liquidation risks. Summary Cardano price traded near $0.174 after breaking below a rising channel on the 4-hour chart. Cardano’s Dijkstra upgrade will roll out in two phases, beginning with protocol version 12. The daily chart places immediate support at $0.1706, followed by the $0.1385 swing low. CoinGlass data shows major upside liquidation clusters between roughly $0.183 and $0.187. Cardano price action today According to data from crypto.news, Cardano (ADA) price was trading near $0.174 at the time of writing, down about 1% over the past 24 hours. ADA remained below the $0.18 level after retreating from an Aug. 7 peak above $0.21. The 4-hour chart shows that ADA has broken below an ascending channel that guided its recovery from approximately $0.153 in late July. Cardano price initially climbed along the channel to $0.20 before the breakout failed and sellers regained control. Cardano price 4-hour chart — Aug. 18 | Source: crypto.news ADA has since formed a series of lower highs and lower lows, bringing it back toward the area where the late...