Dogecoin, Cardano and Solana slump as crypto majors see profit-taking after week-long rally
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 that some overheated segments may be due for a pause.
“Bitcoin has been hovering around the $104,000 level for the sixth day, experiencing increased rotation,” FxPro’s Alex Kuptsikevich told CoinDesk in an email. “This is quite expected behaviour as we approach the all-time highs of December and January, which served as turning points.”
“Ether is trading around $2615, having…
