Altcoin Sherpa Predicts New ATH For Shiba Inu (SHIB) – 2 Altcoins To Rally
According to pseudonymous crypto analyst, known as Altcoin Sherpa, Shiba Inu (SHIB) has a lot more upside potential. He also predicts incoming rallies for two other altcoins: FTM and MATIC.
Shiba Inu (SHIB)
Altcoin Sherpa shares with his 139K Twitter followers that meme coin Shiba Inu (SHIB) is gearing up for a rally to a new all-time high at $0.00005.
“SHIB: If I were around a lot, then I would just try to buy any dip on this thing. I still think it’s got plenty of room to move.”
$SHIB: If I were around a lot then I would just try to buy any dip on this thing. I still think it's got plenty of room to move. Alas, I'm still traveling for a while and not doing any active trading. #SHIBpic.twitter.com/TQjo2PoUv8
At time of writing, SHIB is almost at the analyst’s target, trading at $0.000049, up nearly 20% in the last 24 hours.
Fantom (FTM)
Altcoin Sherpa is also looking into smart contract platform Fantom (FTM), remains in a strong uptrend against Bitcoin (FTM/BTC) as the pair continues to form a bullish market structure he says.
“FTM: I think you’ll probably want to watch the FTM/BTC pair for when this thing is going to pull back… I still expect up for this for the most part; trend is strong. Fantom.”
$FTM: I think you'll probably want to watch the FTMBTC pair for when this thing is going to pull back. the USD pair will still probably continue grinding up as long as BTC is ok (for the most part). I still expect up for this for the most part; trend is strong. #Fantompic.twitter.com/Z0WVxXO7jT
Regarding FTM/USD pair, the analyst says that Fantom will likely continue its move higher, but points out that it’s starting to be at level where traders could take profits.
This is starting to look parabolic- I would start to take profits around here personally if in this. Yes, you can say it’s going to $10 and it probably will eventually but if you are trading, I would look to take profits for sure…
$FTM: This is starting to look parabolic- I would start to take profits around here personally if in this. Yes, you can say it's going to $10 and it probably will eventually but if you are trading, I would look to take profits for sure… #Fantompic.twitter.com/SKN2VEUy5e
Regarding Polygon (MATIC), a scaling solution designed to boost widescale adoption of decentralized apps on the Ethereum blockchain, he predicts MATIC to clear resistance at $1.64 after tapping the key area four times in the last four months.
“MATIC: I think it’s highly likely this breaks strongly in the USD pair soon. Grinding up at resistance; this area has already been tapped a lot. Bullish.”
$MATIC: I think its highly likely this breaks strongly in the USD pair soon. Grinding up at resistance; this area has already been tapped a lot. bullish. #MATICpic.twitter.com/vANstQtwVx
