Dogecoin Price October Forecast: What Comes Next After Bullish Monthly Close?
Dogecoin defies gravity with strongest monthly performance since Q2—now what?
The Meme Coin Momentum Builds
September's green candle sparks speculation about October's trajectory. The cryptocurrency that began as a joke continues attracting serious investor attention despite traditional finance skeptics rolling their eyes.
Technical Patterns Signal Potential
Chart analysis reveals consolidation near key resistance levels. Trading volume suggests accumulation phase underway before potential breakout. The same patterns that preceded previous rallies now reappear—though past performance never guarantees future results, as compliance departments love reminding everyone.
Market Catalysts Looming
October brings seasonal trends that historically favor risk assets. Broader crypto market correlation remains strong—Bitcoin dominance shifts could amplify DOGE movements. Meanwhile, traditional investors keep asking if this is 'the real deal' while checking their retirement accounts.
Dogecoin either rockets toward previous highs or tests support—no middle ground exists in crypto's theater of the absurd.
October Is Bullish For The Dogecoin Price
While the month of October looks to be a fairly mixed bag when it comes to the Dogecoin price, it shows that the month is often more bullish than not. In the last 11 years of the meme coin’s existence, it has ended the month of October in the green six total times, with most of these actually being double-digit gains, and once, in the triple digits back in the year 2022.
The other years, five in total, were in the red, in varying degrees. However, an aggregate shows that the price is more likely to end in the green, with a median return of 8.37% and an even higher average return of 11.6%. This means that the odds of a double-digit rally are high for the month of October.
The last four years have also consistently ended in the green for the meme coin, regardless of the broader market headwinds. It also works into the fact that the last quarter of the year, Q4, has been bullish for cryptocurrencies, and the dogecoin price has performed accordingly.
If it follows the trend of the last four years, then the dogecoin price could be looking at at least a 10% increase next month. This could set it on the path toward $0.3 once again, which has become the level to beat for the meme coin.
The Rest Of The Year In View
Just like the month of October, November is also a very bullish month for the Dogecoin price. CryptoRank data shows that the digital asset rallied 161.5% back in November 2024, and 22.5% the year before. While its median return is lower than October at -2.72%, it actually boasts a higher average return of 18.9%. This suggests that if September is bullish, then the trend could continue in November.
December’s average returns are even higher than November’s at 22.1%. However, its median returns come out at 4.52%. Overall, though, the last quarter of the year is still more bullish, rivaling the first quarter of the year when it comes to gains.
