Dogecoin, Cardano Take Major Hits as Crypto Selloff Deepens

Key Points

1. $613 million in leveraged positions were liquidated across the crypto market in the last 24 hours.

2. Dogecoin (DOGE) fell by around 18% in the past week, the most severe drop among the top 10 cryptocurrencies by market cap.

3. Cardano (ADA) dropped 13.55% in the last seven days, with its price recently trading at $0.7126.

4. Bitcoin and Ethereum also declined by 3.7% and 7.13%, respectively, over the past week.

5. Dogecoin's price could oscillate between $0.14 and $0.29, with key support at the 50-day SMA ($0.194).

6. Cardano faces potential further declines if it breaks below the 50-day SMA ($0.68), possibly dropping to $0.56 or $0.50.