Cardano and Dogecoin prices slide amid bearish market

Cardano’s native token ADA fell to about $0.145, down roughly 1 % in the last 24 hours, with analysts flagging the $0.092 level as a critical support point. Technical indicators show the asset trading below its 50‑day and 200‑day moving averages, while futures open interest slipped 3 % to $363 million, indicating weak conviction among traders. The Cardano Foundation highlighted ongoing work on digital‑identity solutions and noted that, despite declining total value locked in DeFi, active address counts remain strong.

Dogecoin (DOGE) continued to lose ground, trading near $0.073 and down 2.2 % daily and 12 % weekly. The token has shed about 27 % of its value in June, with open‑interest falling to $959 million. Technical data shows the RSI in oversold territory (around 23), and analysts point to a proposed block‑reward cut and pending spot‑ETF applications as potential catalysts. U.S. legislation, the Digital Asset Market Clarity Act, could reclassify DOGE as a commodity, potentially easing regulatory uncertainty.