- Dogecoin gained 7.55% in the first four days of October, following a consistent streak of positive monthly performances since July.
- Despite a 2.81% dip in the past 24 hours, analysts view the correction as temporary amid broader market and regulatory uncertainty.
- Historic data shows Dogecoin averages 11.2% October returns since 2013, reinforcing investor confidence in its bullish Q4 outlook.
Dogecoin started October with a strong upswing, recording significant daily increases in the opening days of the month. Data from CryptoRank highlights that the token has already gained 7.55% within the first four days of October, echoing its historic pattern of strong Uptober performances.
The token’s performance continues a streak of positive monthly returns since July. Dogecoin advanced 27.1% in July, followed by 1.9% in August and 8.9% in September. This steady growth has strengthened investor confidence in the digital asset.
Recent Market Movement
Despite its early momentum, Dogecoin encountered a brief reversal in the past 24 hours. The token fell 2.81% to around 0.2491 dollars as the broader crypto market slowed. Analysts point to renewed concerns over potential DOGE ETF approval delays, compounded by the recent government shutdown, as short-term pressure on the price.
Historic data shows that October has often been a strong month for Dogecoin. Since 2013, the token has averaged an 11.2%return during the month, making Uptober one of its most consistent green periods. This trend has continued to encourage optimism among traders and long-term holders.
Technical Outlook
Market watchers note that Dogecoin’s short-term technical signals suggest a pause in momentum rather than a complete reversal. While the recent correction raised concerns, analysts highlight that underlying sentiment remains bullish. Consequently, expectations remain high for Dogecoin to maintain an upward trajectory through the rest of the quarter.
With Uptober historically favoring Dogecoin and early gains already secured, investors anticipate continued bullish momentum throughout the remainder of 2025’s final quarter. Analysts continue to monitor both broader market movements and regulatory developments, which remain influential on short-term volatility.
