ADA is nearing the apex of its prevailing rising wedge pattern, which points to a potential breakdown toward $0.513 by the end of December.
Cardano (ADA) price has surged by 140% so far in November, primarily due to Donald Trump’s reelection as the United States president.
However, some metrics suggest that a considerable portion of the Trump-inspired ADA gains may diminish in the coming days.
Cardano’s ADA price is showing signs of potential downside risk as a bearish “rising wedge” pattern forms on its 4-hour chart.
