Dogecoin Eyes $0.1180 Target in October as Historically Strong Month Kicks Off

Dogecoin (DOGE) is holding its August breakout above $0.0932, targeting $0.1055 and then $0.1180 in October, according to analysts.

The cryptocurrency has historically performed well in the month of October, with six out of 12 years seeing a gain, including a median increase of 3.43% since 2014.

A recent testnet launch by DogeOS, a layer built on top of the main ledger, is expected to bring new features and applications to the ecosystem, potentially driving demand for DOGE.

The US spot Dogecoin ETFs saw inflows of $2.89 million in the week ending September 25, with a positive finish in the current week possible, which could further support the price.