How Cardano’s latest upgrade sparks optimism despite ADA’s dip

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How Cardano’s latest upgrade sparks optimism despite ADA’s dip
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It rained good news for Cardano [ADA] after the project's consensus team disclosed that it had completed a crucial upgrade. Made known by

after the project’s consensus team disclosed that it had completed a crucial upgrade. Made known by Input Output, Cardano’s engineering arm, the team released an updated version of the UTXO-HD.

For Cardano, the UTXO-HD rebased on top of node v 8.11 to version 0.10.0. With this upgrade, developers would be able to access more data to contribute to open-source commitments on the chain. Despite that, some holders of the token are optimistic that the price action will get better. But hope is not a strategy for a price increase. Hence, AMBCrypto looked to the liquidation levels to see if the Cardano native token would recover soon.

The negative reading suggests that late short could punished even as Cardano could retrace. But the decline could be short-lived, and a

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