Dogecoin & Cardano Face Make-or-Break Week: May 10, 2025 Price Forecasts
Memecoins and ’Ethereum killers’ brace for volatility as key technical levels loom. Here’s where DOGE and ADA could land—and why traders are sweating the macros.
Dogecoin’s make-or-break moment: The joke-turned-juggernaut flirts with $0.75 resistance after Elon Musk’s latest X-payment tease. Breakthrough or bull trap? Chartists see 40% swing potential either way.
Cardano’s quiet comeback: ADA’s ’ghost chain’ narrative fades as institutional staking hits ATH. But can Hoskinson’s army conquer the $3.50 fortress? Derivatives data shows whales loading up—just in time for another ’groundbreaking’ Vasil hardfork announcement.
Meanwhile, Wall Street analysts predict sideways action... assuming no Black Swan events. Which, given crypto’s track record, means pack a parachute.
Dogecoin Price Analysis
Dogecoin is one of the leading market contenders. The cryptocurrency has charted its detailed price path on its own merits, seeking incredible highs during the bull momentum. The coin is also backed by Elon Musk to a certain degree, which helps DOGE bask in renewed price attention and activity whenever Musk makes an impromptu mention of Dogecoin.
The token is currently trending for two reasons. Firstly, the token is part of the rising ETF narrative, awaiting approvals from the US SEC. Secondly, the token is also speculated to be a part of X money, a rumor that has yet to be confirmed by the concerned parties. However, the speculation itself has been giving a strong push to Doge as of late.
By May 10, the token may stabilize around $0.16.
Per CoinCodex, Dogecoin may explore lower price depths by the end of May 2025.
Cardano Price Analysis
Cardano is another leading cryptocurrency token, touted as a true decentralized token out of the lot. The token is currently part of the emerging ETF narrative, which is helping it attract new investors. As per the new data by Token Terminal, ADA has Leveraged nearly 87 weekly active core developers in the last 365 days. On the other hand, Solana managed to average nearly 49 weekly active developers. This comparison speaks volumes about ADA’s growing prestige and the fact that the developers are opting to build on ADA as compared to Solana.
On the other hand, Cardano is also gearing up to embrace the highly anticipated Leios upgrade. This network upgrade is set to help Cardano strengthen its transaction output, bolstering speed and processing.
Per CoinCodex, ADA may sit at a new price spot of $0.76 by May 10, 2025.
By the end of the month, the token may stabilize around the $0.78 price mark.
