Dogecoin Price Faces Key Support Amid Market Uncertainty as Weekly Decline Outpaces Cardano

Key Points

1. Dogecoin (DOGE) price recently traded near $0.199, testing key support at the 50-day SMA of $0.194, with potential for further declines if support breaks.

2. Cardano (ADA) dropped to $0.7126, facing resistance near $0.8 and potential downside to $0.56 if the 50-day SMA support at $0.68 is breached.

3. Over $613 million in leveraged liquidations across the crypto market contributed to the price drops, with Bitcoin and Ethereum also declining by 3.7% and 7.13%, respectively.

4. Dogecoin's daily RSI suggests potential sideways movement between $0.14 and $0.29, while Cardano's RSI indicates a range-bound market in the short term.

5. Technical support levels at the 50-day SMA are crucial for both DOGE ($0.194) and ADA ($0.68) to watch for potential rebounds.