A widely followed crypto strategist thinks that Shiba Inu ( SHIB ), Avalance ( AVAX ), Fantom ( FTM ) and one more altcoin are likely not yet done rallying.
Pseudonymous analyst Altcoin Sherpa tells his 191,000 Twitter followers that meme coin Shiba Inu is likely headed to $0.000016 after taking out resistance at $0.000013.

“I like SHIB for a lot of reasons; liquidity is always great on it and it’s also volatile. Had a breakout yesterday and maybe $0.000016 is the next area I’m viewing.”

Source: Altcoin Sherpa/Twitter
At time of writing, SHIB is trading for $0.00001423, down over 3% on the day.
Next up, Altcoin Sherpa is also looking at smart contract platform Avalanche, which he believes is likely due for bullish continuation as long as it is above $20.
“AVAX: if this flips $20, I think it goes to $30 (BTC dependent of course).”
Source: Altcoin Sherpa/Twitter
At time of writing, AVAX is worth $20.26, down over 4% on the day.
Another altcoin on the analyst’s radar is smart contract protocol Fantom. According to Altcoin Sherpa, FTM has entered a new trading range and could soar as high as $0.90.
“Now cleaning in the range of $0.60-$0.90. Expecting $0.90ish if BTC is stable.”
Source: Altcoin Sherpa/Twitter
At time of writing, FTM is trading at $0.57, down over 7% on the day.
The last coin on the trader’s list is LOOKS , the utility token of the Ethereum-based non-fungible token (NFT) marketplace LooksRare. According to Altcoin Sherpa, he’s targeting $0.40 for LOOKS.
“I jumped on the LooksRare train late and bought this recently. Maybe it’s a crowded trade, but I think there is still more upside for the NFT infrastructure tokens with Blur coming out. Targeting $0.40ish and wont hold onto this one super long.” 
Source: Altcoin Sherpa/Twitter
At time of writing, LOOKS is worth $0.32, down over 6% in the past 24 hours.
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The post Analyst Forecasts Extended Rallies for Shiba Inu, Avalanche, Fantom and One Additional Crypto Asset appeared first on The Daily Hodl .