Cardano (ADA) is under intense selling pressure around the $0.20 level, with $1.17 million in liquidations over 24 hours, of which $1.16 million came from long positions, representing a 10,166% imbalance. The token fell 3.66% in the last 24 hours and 9.27% weekly, amid hawkish remarks from Fed Chair Kevin Warsh at the Jackson Hole symposium, which raised September rate hike odds to 42%. ADA is currently attempting to hold the $0.20 support, with the outcome set to be critical in coming sessions. Meanwhile, development of the Dijkstra era continues, with node versions 11.1 and 11.2 expected in the coming weeks.
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