Shiba Inu, MANA and Bitcoin Cash Price Analysis: December 26

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The recovery phase looked promising for Shiba Inu, MANA and Bitcoin Cash as they hit their weekly highs on December 24. Additionally, Shiba Inu’s 20-SMA broke through the 200-SMA, hinting at a strong reversal if backed up with enough volumes.

Shiba Inu (SHIB)

TradingView, SHIB / USD

Over the past few days, SHIB bulls have recovered crucial nine-week $ 0.000035 support. After a descending channel failure, the alt found longer lasting support at $ 0.000029. So price action was up 39.12% from that level and hit its three-week high on December 24.

Over the past two days, the $ 0.0000378 level has shown strong resistance as price action broke its upward widening wedge. Now the 20-SMA has crossed over the 200-SMA, indicating strong bullish momentum.

At time of printing, SHIB was trading at $ 0.00003758. The RSI hovered near the 58 mark. Additionally, the DMI favored buyers and confirmed RSI’s preference.

However, the lower highs marked on the volume oscillator indicated that buyers still could not project strong control.

Decentralized (MANA)

TradingView, MANA / USDT

MANA halted its decline on its one-month support at $ 3.02. Alt has seen a persistent decline after hitting its ATH on November 25. As the price rebounded from this level, it experienced a bullish channel over the past week.

The alt jumped 25.62% (from the December 20 low), breaking through the two-week support of $ 3.64 (previous resistance). Now the distance between the 20 SMA (red) and the 200 SMA (green) has continued to narrow, indicating an increasing bullish influence.

At time of printing, MANA was trading at $ 3.6934. The RSI displayed a bullish bias and found support on its uptrend line. While the DMI also gave a bullish pick, the ADX showed a weak directional trend for the alt.

Bitcoin Cash (BCH)

TradingView, BCH / USDT

Altcoin has seen an expected breakout above the 23.6% Fibonacci level. The bulls secured the 419 mark while the bears retested it several times. The alt jumped 10.23% (from its Dec.20 low) until it broke through the $ 446 mark to hit its two-week high on Dec. 24.

Next, BCH saw a pullback from its short-term resistance to $ 461. Meanwhile, the Supertrend issued a buy signal after a long time.

At time of printing, the alt was trading at $ 449.5. The RSI was at the 52 mark after showing signs of recovery. On the other hand, the DMI also displayed a bearish preference. But the ADX showed a slightly weak directional trend.

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