October is Bright for Dogecoin (DOGE): Potential Price Spike Awaits?

Jakarta, Pintu News – This October seems to be a breath of fresh air for Dogecoin (DOGE), the king of meme coins. The increase in investor interest in Dogecoin (DOGE) can be seen from a 2.89% spike in open interest in the last 24 hours, signaling market optimism for the coin’s future price prospects.

With a total of 16.38 billion DOGE, valued at $3.96 billion, already locked in the derivatives market, it shows that futures traders are very bullish on the meme coin.

Open Interest Sentiment Leader

Data from CoinGlass shows that investors on the Gate exchange are leading the open interest sentiment for Dogecoin (DOGE). They bet $1.08 billion, or about 4.45 billion DOGE, on the future derivatives market. This increase in open interest was likely triggered by the recovery of Dogecoin (DOGE) price in the crypto market, where the coin managed to break the $0.24 level after experiencing price fluctuations.

Investors on other exchanges such as Binance, Bybit, and Bitget were not left out either. They accounted for 19.83%, 14.1%, and 1.87% of the total open interest, respectively. In monetary terms, this equates to $785.69 million, $558.88 million, and $470.24 million. This increase shows that there are great expectations for the future price performance of Dogecoin (DOGE).

Also Read: 5 Reasons Eric Trump’s IDR16 Billion Bitcoin Prediction Could Be Real

Performance and Trading Volume

Dogecoin (DOGE) is performing in line with traders’ expectations. Currently, Dogecoin (DOGE) is trading at $0.2428, showing an increase of 5.51% in the last 24 hours. The coin even reached a peak of $0.2444, adding to the market’s optimism for further upside potential.

In addition, Dogecoin (DOGE) trading volume also saw a 9.49% surge to $2.67 billion. This increase came after Dogecoin (DOGE) successfully crossed a critical price resistance level, triggering a positive reaction from asset holders. This indicates strong market support for the meme coin.

Target Rally ‘Uptober’

Based on historical data, Dogecoin (DOGE) has an average growth rate of 11% in October. With strong bullish sentiment from investors, it is likely that the price will continue to increase in the so-called ‘Uptober’ rally. The first price target for Dogecoin (DOGE) holders is to surpass $0.30, a level that has been a resistance since early February 2025.

Market analysis by Ali Martinez suggests that if the support from the bulls continues and momentum is maintained, there is potential for a breakout that could push the price of Dogecoin (DOGE) past $0.50. This would be a significant achievement for the meme coin that has attracted a lot of attention in the crypto market.

Conclusion

With various supporting factors, this October could be a very profitable month for Dogecoin (DOGE) investors and traders. The significant increase in open interest and trading volume indicates a strong belief in the potential for further price gains. Crypto market watchers will certainly keep a close eye on Dogecoin (DOGE)’s movements amidst the changing market dynamics.

Also Read: 5 Reasons XRP Could Hit IDR66,000 by the End of 2025: ETFs, Fed, & Crypto Market Momentum

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. 16380000000 Dogecoin Might Set DOGE Price Up for Uptober. Accessed on October 2, 2025