While Trump's re-election may boost ADA's long-term fundamentals, short-term technicals indicate downside risks.

Cardano (ADA) has surged 140% in November, riding a wave of optimism fueled by Donald Trump's re-election as U.S. president. Investors are betting on lighter crypto regulations under his administration, boosting demand for ADA. However, key technical indicators suggest the rally may be unsustainable, with a potential 35-40% price correction on the horizon.

A classic rising wedge pattern is emerging on ADA's four-hour chart. This bearish technical setup, defined by converging upward trendlines, typically signals a trend reversal.