Cryptocurrencies turned bearish again throughout September, after recovering in August from the previous crash, which lasted several months. The bearish period now might have ended as the price action in most cryptocurrencies shows, and some are even surging higher. This might be the beginning of a bullish period, since some main cryptos are giving such signs. These cryptos are listed below:

Bitcoin Weekly Chart Analysis – The Uptrend Continues

The 50 SMA keeps pushing BTC/USD up

Looking at the weekly BITCOIN chart, we can see that the uptrend has never been in question. Even the deepest pullback ever in Bitcoin during May-July was just a normal retrace before the bullish trend resumes, when you look at higher time-frame charts.

Bitcoin retreated to the 50 weekly SMA (yellow) where it reversed higher again until early September. Then the second retreat came as the crackdown in the market intensified. But, the 50 SMA has come to the rescue again, with the 20 SMA (gray) also helping the situation. The price has surged from around $40,000 to above $55,000. The other major cryptos are not following, apart from ETHEREUM , which has also made some decent gains. Now the next targets are $60,000 and $65,000 for BTC/USD.

Shiba Inu Coin Daily Chart Analysis – The Breakout of the Range

Reaching May’s highs

Meme coins such as Shiba Inu and Dogecoin turned quite weak since the crypto crash in May, particularly the SHIB. While all other coins resumed the bullish trend in late July, Shiba Inu continued to trade in a range between $0.0000055 and $0.0000095.

Now, this cryptocurrency is trading well above the top of the range, so it is heading for all-time highs now. We can’t see the May high here because most crypto brokers/exchanges started listing SHIB/USD after the surge back then, until then it was a small unknown crypto. Elon Musk’s tweet of their family’s Shiba Inu pet dog helped spark this surge. Coinbase added to its list Shiba Inu while a large whale investor was seen buying Shiba coins. So, this rally seems sustainable.

Fantom Daily Chart Analysis – FTM/USD Challenging All-Time Highs

Fantom about to break September’s highs

The Shiba Inu continues the surge today, as does Bitcoin, while the Fantom coin only joined this surge in the last two days. The August rally sent the price close to $2, which is more than double the previousall-time highs, and after the retreat to May’s high in September, the price bounced off of it.

The bounce started yesterday, which means that there is still more steam to be blown to the upside in the coming days. The bounce started at the 20 SMA (gray) on the daily chart yesterday and now this cryptocurrency is challenging September highs, as it surges higher, which I think it will take out soon.

Axie Infinity Coin Daily Chart Analysis – Small Retreat After the Big Surge

The retrace down before the next surge higher?

Axie Infinity is the native token of a play-to-earn game and it has been performing the best since early July, when the market was still retreating lower. In the last week, the price has more than doubled from $73 where it was trading to $154 on Monday, and more than tripled from the low after the retreat in September.

The enormous attention this game has been receiving has sent the revenue through the roof, as it exceeds $2 billion, although the price has been retreating since Monday. But, the retreat seems slow compared to the enormous bullish momentum, which is shown by the two big bullish candlesticks.