Dogecoin, Bitcoin and Ethereum – European Wrap 27 September

The Shiba-Inu-themed cryptocurrency’s utility is rising with news of AMC’s adoption of DOGE as a payment method. Traders are now anticipating a reduction in transaction fees and a recovery in DOGE. 

Bitcoin price continues to record lower highs as a consolidation pattern has emerged. BTC has recovered nearly 9% since the September 24 low, which saw the leading cryptocurrency plunge 10% following China’s reiteration of a harsh crackdown on cryptocurrencies. 

Ethereum (ETH) price action is stuck in a range between $2,695 and $3,200 for seven consecutive days. Bulls are trying to push price action further upward with the Relative Strength Index (RSI) and global market sentiment very much in their favor.