{"id":26875,"date":"2025-05-15T08:02:18","date_gmt":"2025-05-15T08:02:18","guid":{"rendered":"https:\/\/dogewisperer.com\/dogecoin-cardano-and-solana-slump-as-crypto-majors-see-profit-taking-after-week-long-rally\/"},"modified":"2025-05-15T08:02:18","modified_gmt":"2025-05-15T08:02:18","slug":"dogecoin-cardano-and-solana-slump-as-crypto-majors-see-profit-taking-after-week-long-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26875","title":{"rendered":"Dogecoin, Cardano and Solana Slump as Crypto Majors See Profit-Taking After Week-Long Rally"},"content":{"rendered":"
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Major tokens such as dogecoin (DOGE), cardano (ADA), and solana (SOL) slipped more than 5% in the past 24 hours as traders moved to lock in some profits after a strong week-long rally.<\/p>\n

The broader crypto market surged alongside risk assets last week, fueled by macroeconomic tailwinds and renewed investor optimism, but signs are emerging that some overheated segments may be due for a pause.<\/p>\n

\u201cBitcoin has been hovering around the $104,000 level for the sixth day, experiencing increased rotation,\u201d FxPro\u2019s Alex Kuptsikevich told CoinDesk in an email. \u201cThis is quite expected behaviour as we approach the all-time highs of December and January, which served as turning points.\u201d<\/p>\n

\u201cEther is trading around $2615, having failed to consolidate above the $2700 mark, around which the 200-day moving average also passes. It is likely that after rallying 55% over the past seven days, the second-largest capitalised cryptocurrency will probably pause or start a correction with a potential target at $2400,\u201d Kuptsikevich warned.<\/p>\n

Sentiment indicators also reflect growing exuberance, with the Crypto Fear & Greed Index touching 73, approaching levels typically associated with overheated conditions, as noted Tuesday<\/a>.<\/p>\n

Earlier in the week, risk appetite surged after a combination of positive U.S. inflation data, strong earnings from China’s tech sector, and a breakthrough U.S.\u2013China trade agreement boosted global equity markets. Crypto followed, with bitcoin briefly topping $104,000 and ether climbing to $2,700 \u2014 before both ran into resistance.<\/p>\n

\u201cChina’s tech sector earnings surged in the wake of the US-China trade deal announcement, leading investors to hope for increased investments and innovations like AI last year,\u201d Haiyang Ru, Co-CEO of the HashKey Exchange Business Group, said in a Telegram message.<\/p>\n

\u201cAdditionally, a monthly report revealed that US inflation was lower than expected, adding more fuel for a continued bull run in the markets,\u201d Ru said.<\/p>\n

Still, institutional activity remains robust. Santiment data from earlier this week showed mid-sized bitcoin holders, or wallets with 10 to 10,000 BTC, had accumulated over 83,000 BTC in the past month.<\/p>\n

Meanwhile, Coinbase\u2019s upcoming inclusion in the S&P 500 on May 19 is viewed as a short-term catalyst for the sector, with some analysts estimating passive fund demand for the stock could top $9 billion.<\/p>\n

\u201cWe believe there is further room for digital assets to rally, especially as Coinbase\u2019s inclusion into the S&P 500 on 19 May draws closer,\u2019 Singapore-based QCP Capital said in a Telegram broadcast late Wednesday. <\/p>\n

\u201cHistory tells us that index inclusion tends to act as a short-term catalyst, as passive managers adjust their allocations to track the benchmark more closely,\u201d the fund noted.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Major tokens such as dogecoin (DOGE), cardano (ADA), and solana (SOL) slipped more than 5% in the past 24 hours as traders moved to lock in some profits after a strong week-long rally. The broader crypto market surged alongside risk assets last week, fueled by macroeconomic tailwinds and renewed investor optimism, but signs are emerging […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26875","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26875"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26875\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}