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Shiba Inu, The Sandbox, Bitcoin Cash Price Analysis: 24 December
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While Bitcoin crossed $51,200 and Ether jumped above $4,100, the recovery seemed to be rather swift. Shiba Inu regained its lost $0.000035 support while the Sandbox and BCH broke above their Fibonacci resistance levels.
Now, bulls will need a sustained rally with high volumes to confirm a possible reversal.
Shiba Inu (SHIB)
Source: TradingView, SHIB/USD
Over the past three days, SHIB bulls re-claimed the crucial $0.000035 nine-week support. After a down-channel breakdown, the alt found longer timeframe support at the $0.000029-mark. Thus, the price action saw a steep surge from this level and formed an ascending broadening wedge.
SHIB registered a 36.34% gain from the 20 December low. The immediate hurdle for the bears stood at the lower
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