The cryptocurrency market has seen better days, with altcoins like Dogecoin and Cardano facing strong selling pressure.

Dogecoin price correction continues

Dogecoin price has seen a brutal correction, losing nearly 30% last week alone. This downturn has pushed the memecoin to its lowest level since November, putting traders in a deep red.

According to crypto market analytics firm Trade Federation, liquidations in the past 24 hours have exceeded $78 million, largely driven by traders struggling to hold onto Dogecoin positions.

Dogecoin is currently trading at $0.18, and if it breaks the 14-cent psychological level, it could see further dips, according to technical analysis.

However, there’s a ray of hope with Bitwise’s spot Dogecoin ETF filing, which could spark fresh interest in the token.

Elon Musk’s association with Dogecoin keeps it in the spotlight, and some analysts believe that a bullish catalyst or a return of retail traders to the market could propel Dogecoin to $1.2 if it manages to hold its current support level, setting the stage for a rally toward $0.25 in the coming months.

Cardano price slides despite major investor activity

Cardano has seen some turbulent times, initially surging after its inclusion in President Trump’s Digital Asset Stockpile was revealed. However, the good mood soured, and broader macroeconomic concerns are to blame for Cardano’s 12% decline this week.

This revelation has sparked concern among investors, who worry that government-controlled holdings could contribute to future price volatility for Cardano rather than long-term stability.

Despite these concerns, Cardano continues to see strong accumulation from large investors. According to crypto analytics platform