Meme Coins Face Make-or-Break Moment in October

The cryptocurrency market is seeing mixed results for Dogecoin (DOGE) and Shiba Inu (SHIB), two popular meme coins. According to recent data, DOGE has climbed 14% over the past month, reaching around $0.09495, while SHIB has pumped 11% to about $0.000005782.

However, in the latest session, both cryptocurrencies have cooled down, with DOGE down 0.66% and SHIB down 0.88% over 24 hours. The DOGE price is facing rejection around a key resistance area, while SHIB lacks a fresh buying catalyst despite several ecosystem developments.

The technical picture of the market suggests that October will be crucial for both cryptocurrencies. For Dogecoin, the bullish path would be a recovery above $0.099 and then $0.10, opening the door toward $0.105, $0.11. The neutral path would keep the DOGE price between $0.092 and $0.10 through October.