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Bitcoin Cash, The Sandbox, IOTA Price Analysis: 2 December
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As the bulls endeavored to halt the increased bearish control, they struggled to transform their edge into a sustained upswing. Thus, Bitcoin Cash and The Sandbox, after a bullish rally, flashed bearish near-term technicals.
Conversely, IOTA continued its October upturn in an ascending channel and displayed a bullish preference.
Bitcoin Cash (BCH)
Source: TradingView, BCH/USDT
BCH witnessed a classic ascending channel breakdown as it failed to sustain its October rally. After a 46.9% October and early November ascent, the altcoin touched its nine-week high on 10 November.
However, the bears ensured a pullout at the upper channel. They initiated a 27.2% retracement as BCH hit its one-month low on 28 November. Post a down-channel breakout, BCH
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