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Cryptocurrency Value Prediction: Shiba Inu, Sandbox & Cardano – Asian Wrap Dec 16 – FXStreet

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Shiba Inu price has consolidated for the past ten days, forming a support zone near the 88.6% Fibonacci retracement at $ 0.00003200. SHIBA is likely aiming for a huge rise in price – the direction of the rise is higher when the broader market can make a bid.

The sandbox price and the broader Metaverse and gaming token sectors remain overbought. More headroom in the south is likely, and if the broader market faces a bullish rebound, it could even accelerate SAND sales. Prices are expected to be lower, but there may be a slight recovery in the meantime.

Cardano price continues to trade lower but offers trading opportunities on both sides of the market. A break below current support levels can only result in a short-term price collapse before a massive rally begins. Cardano price has a possible long entry on its weekly chart.

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