Cardano (ADA) faced challenges in 2024, losing over 40% of its value. However, a sudden surge in November saw ADA recovering losses from six months in just a week, aiming for over 100% price increase by March 2025. The rise was attributed to a broader crypto market rally post the reelection of pro-crypto US presidential candidate Donald Trump. Speculations of Cardano founder Charles Hoskinson joining the Trump administration fueled the surge, although Hoskinson clarified no formal invitation was received. ADA's price surge led to overbought levels, hinting at a possible correction. ADA was testing resistance at $0.599, with a potential pullback towards $0.548-0.489 by November end. A successful support at this level could lead to further upside momentum, targeting $1.139 by early 2025. However, failure to hold above the descending trendline resistance may result in a retracement towards $0.350. Read more AI-generated news on: https://app.chaingpt.org/news