Cardano
Cardano breaks above $0.20 as Dijkstra roadmap gains traction
The network has reclaimed the $0.20 price level amid developer momentum and potential for further upside.
Cardano has reclaimed the $0.20 mark after breaking above a descending channel that had restricted its price action since February. The breakout reflects weakening bearish pressure and comes as the network advances toward the Dijkstra development phase, which is expected to deliver scalability upgrades including Ouroboros Leios and enhanced smart contract capabilities.
Volume and capital flow metrics support the recovery. Cumulative Volume Delta has turned positive with aggressive buying pressure, while the Chaikin Money Flow indicator remains above zero at around 0.13, signalling sustained capital inflows. Though the CMF has retreated slightly from its recent peak, it continues to reflect positive market participation.
If Cardano maintains a daily close above $0.20, technical analysts see potential resistance zones at $0.24–$0.25, with major supply between $0.29 and $0.30 where multiple previous rejection levels converge. Failure to sustain the breakout could invite selling pressure, with $0.18 and $0.16 identified as key support levels.
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