Cardano and Dogecoin fall more than 10% in 7 days: which one rebounds first?
The cryptocurrency market experienced a slight recovery during the past weekend, after its last drop following the Israeli attack on Iran on June 13. The market seems to be facing another correction today, Tuesday, June 17. Cardano ($ADA ) and Dogecoin ($DOGE ), in particular, have experienced sharp price declines. Both are trading in the red across nearly all time frames. Both have fallen 10% or more on the weekly charts.
The price of DOGE has dropped 2.2% on the daily charts, 10% on the weekly charts, 10.7% on the 14-day charts, and 19.9% compared to the previous month. Despite the steep drop, the memecoin has risen 28.5% since June 2024.
Like Dogecoin (DOGE), ADA is also facing a considerable correction at this time. The asset has decreased by 1.8% on the daily charts, 10.1% on the weekly charts, 8.4% on the 14-day charts, and 15.1% on the monthly charts. ADA has maintained significant gains over the past year. The asset has risen 53.4% since June 2024.
The latest market drop comes after President Trump left a summit of world leaders. Subsequently, the president posted on Truth Social that everyone should evacuate Tehran. Many anticipate an escalation of the conflict between Israel and Iran. An increase in military deployment could generate greater volatility in the cryptocurrency market.
