Dogecoin Price Climbs 3.7% to $0.2594 Amid Monthly RSI-SMA Bullish Crossover

• The monthly RSI of Dogecoin has breached the SMA, which was associated with robust upward changes in the past.
• Trading between the support of $0.2475 and the resistance of $0.2647 forms a small zone which can in fact define the direction in the short term.
• Subsequent lows starting in mid-2023 signal a new market stability, in line with the strengthening movement in long-term charts.
  

Dogecoin’s monthly chart is attracting attention following a technical development that historically precedes significant market shifts. The Relative Strength Index (RSI) has broken the level of its simple moving average (SMA), which traders usually watch as the early sign of any momentum shift. Dogecoin is trading at a price of $0.2594 at the time of writing, with a 3.7 per cent increase in the last 24 hours. The Support level of the token was observed to be at $0.2475 whereas a resistance was observed to be at around 0.2647 within a very narrow trading range that might define the short term direction.

RSI Crossover Aligns with Historical Pattern

The RSI crossover on the monthly timeframe carries added weight due to its infrequency. On previous occasions when this indicator shifted similarly, Dogecoin recorded sizable price movements within subsequent months. Although current readings remain moderate, the crossover above the SMA suggests growing upward momentum. The RSI’s steady climb from lower ranges underscores renewed activity following several months of muted volatility.

Price Structure and Key Market Levels

Dogecoin’s chart pattern reflects a gradual recovery phase. Since mid-2023, the price of the asset has created higher lows, which is in line with an improving trend over longer time frames. The $0.2475 support zone has maintained its positions with numerous retests, which means a steady base of accumulation.

In contrast, resistance at $0.2647 remains a near-term challenge. If the market sustains activity above current levels, focus could shift toward the next visible range around the $0.30 region.

Momentum Indicators Suggest Renewed Strength

Momentum readings continue to reflect improving conditions. The RSI’s upward slope above its SMA suggests expanding strength within the current move. Market participants are now monitoring whether volume supports this momentum on higher timeframes. Notably, the previous two RSI crossovers on Dogecoin’s monthly chart preceded extended rallies. 

However, price confirmation above resistance remains the key technical factor before stronger continuation patterns emerge. Dogecoin’s monthly RSI crossover reinforces improving momentum, suggesting traders may watch closely for confirmation above key resistance levels soon.