The cryptocurrency market made a slight recovery over the last weekend, following its latest dip after Israel attacked Iran on June 13. The market seems to be facing another correction today, Tuesday, June 17. Cardano (ADA) and Dogecoin (DOGE), in particular, have faced steep price dips. Both are trading in the red zone across nearly all time frames. Both have fallen by 10% or more in the weekly charts.
Cardano And Dogecoin Suffer The Brunt Of The Market Blow
DOGE’s price has fallen 2.2% in the daily charts, 10% in the weekly charts, 10.7% in the 14-day charts, and 19.9% over the previous month. Despite the massive dip, the memecoin is up 28.5% since June 2024.
Like Dogecoin (DOGE), ADA is also facing quite a correction at the moment. The asset is down 1.8% in the daily charts, 10.1% in the weekly charts, 8.4% in the 14-day charts, and 15.1% in the monthly charts. ADA has maintained some healthy gains over the last year. The asset is up 53.4% since June 2024.
The latest market dip comes after President Trump left a summit of global leaders. The President then posted on Truth Social that everyone should evacuate Tehran. Many anticipate an escalation of the Israel-Iran conflict. A rise in military deployment could lead to more volatility in the crypto market.
Which Asset May Recover First?
According to Changelly, Dogecoin (DOGE) will climb to $0.226 on July 12. DOGE’s price will rally by 30.6% if it hits the $0.226 target.
Like for Dogecoin (DOGE), Changelly also expects Cardano (ADA) to rally over the next few weeks. The platform anticipates the asset to hit $0.804 on July 12. ADA’s price will rally by about 27% if it hits the $0.0804 target.
Also Read: DOGE Beyond X Money: How High Can Dogecoin Climb in This Lifetime?
According to Changelly’s estimates, Dogecoin (DOGE) will make a bigger recovery over the next few weeks.
