Cardano's ADA price has increased by 140% in November, attributed mainly to Donald Trump’s reelection. However, there are signs that this upward momentum may reverse, with technical indicators suggesting a potential breakdown from a rising wedge pattern on the 4-hour chart. If ADA falls below the wedge's lower trendline, it could drop to $0.598 in the short term, and possibly to $0.513, a decline of approximately 35%. Decreasing trading volumes and a bearish divergence in the Relative Strength Index (RSI) further support this corrective narrative. On the weekly chart, a failure to break key resistance at $0.90 might lead to a significant sell-off, with targets dropping towards $0.476, aligning with structural resistance levels. Despite these bearish indicators, Cardano's fundamentals show improvement due to anticipated regulatory support under Trump's administration, which could enhance ADA's demand moving into 2025. This content emphasizes caution in the current trading environment for Cardano holders.

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