Usman Salis
Dogecoin (DOGE) is catching traders' attention as October approaches - a month the crypto community calls "Uptober" for its historically positive momentum. The daily chart shows DOGE moving through a familiar cycle: sharp corrections followed by strong rebounds. This pattern is sparking hopes that another upward move could be brewing.
Repeating Patterns Signal Potential Rally
The chart reveals a clear pattern. DOGE has weathered two significant pullbacks: a -34.52% drop over 13 days and a -27.96% decline over 13 days. Both corrections set the stage for powerful recoveries. Trader Tardigrade recently noted how DOGE's current price action mirrors these past cycles, where steep drops were quickly followed by bullish rallies that pushed prices to new local highs.
The chart now shows another corrective phase with yellow curved arrows suggesting a potential fresh rally as October begins.
Support holds around recent lows, matching earlier consolidation levels. The key resistance to watch is $0.10–$0.11. A clean break through this zone would confirm bulls are back in control.
What's Fueling the Optimism?
Several factors favor Dogecoin right now. October has a strong track record for crypto gains, providing seasonal tailwinds. When Bitcoin and Ethereum rally, meme coins typically follow. Add Dogecoin's active community and ongoing adoption buzz, and there's plenty to fuel renewed interest.
What's Next?
If the pattern repeats, Dogecoin could be gearing up for another bullish leg toward $0.10–$0.11 and possibly higher. However, if support fails, DOGE may need more consolidation time. For traders, the message is clear: Dogecoin moves in cycles - sharp drops followed by quick recoveries. With October's bullish reputation ahead, all eyes are on whether DOGE can deliver another "Uptober" rally.
Usman Salis
