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#Top 3 CEXs: A Moment of Transformation
Summary and Potential Comments:
* Current Situation: Cardano price is in a consolidation period on the 4-hour chart, trading around 0.5630 USDT. There is no clear strong trend in the very short term.
* Weakening Bullish Momentum / Slight Bearish Trend: Although the price has slightly increased on a daily basis, MACD and RSI suggest that the bullish momentum is either waning or there is a slight bearish trend in the very short term, especially after the recent price peak around 0.60.
* Resistance: The recent peak of 0.5689-0.57 USDT (24-hour high and probably MA30) acts as immediate resistance. A break above 0.57-0.58 USDT would be a bullish signal.
According to this situation, it would be very logical to set an entry point of 0.563 - 0.564 and wait for a target of 0.669. Because I think it will catch an uptrend. Good luck.