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Shiba Inu, MANA, Bitcoin Cash Price Analysis: 26 December
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The recovery phase seemed promising for Shiba Inu, MANA and Bitcoin Cash while they poked their weekly highs on 24 December. Further, Shiba Inu’s 20-SMA crossed the 200-SMA, hinting at a strong reversal if backed up with enough volumes.
TradingView, SHIB/USD
Over the past few 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 39.12% surge from this level and poked its three-week high on 24 December.
In the last two days, the $0.0000378-level has shown a strong resistance as the price action broke down of its ascending broadening wedge. Now, The 20-SMA crossed the 200-SMA, pointing at a strong bullish
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