Cardano Maps Two‑Phase Dijkstra Roadmap as Whales Sell and Price Dips

The roadmap sets code‑completion targets that cannot reach mainnet until they pass testnet validation alongside governance approval.

Overview

Intersect published a formal two‑phase Dijkstra rollout that targets code completion in Q4 2026 for phase one and Q2 2027 for phase two.
Phase one will deliver protocol version 12 with Ouroboros Linear Leios, nested transactions, a PlutusV4 script context and account‑address and block‑structure changes while structural support for Peras is added now and activated in the later phase.
Markets reacted with a roughly 1% pullback to about $0.174–$0.175 and technicals show immediate support near $0.1706, RSI around the mid‑30s, and prices below key moving averages, leaving short‑term direction fragile.
On‑chain data show large wallets holding 1M–100M ADA have offloaded about 200 million ADA since August 11, and derivatives activity surged about 151% even as open interest fell and funding turned negative, signaling cautious, short‑biased positioning.
Because both phase targets must clear Preview and Pre‑production testing and win governance approval from DReps, stake pools and the Constitutional Committee, mainnet dates are unconfirmed and volatility could spike if liquidation clusters near $0.183–$0.187 are hit.