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

The Dogecoin price surged by 3.7% in the last 24 hours, reaching a new high of $0.2594. This rise aligns with a notable technical development on the monthly chart: the Relative Strength Index (RSI) crossed above its simple moving average (SMA). This crossover signifies potential momentum buildup and could signal a future price surge for Dogecoin. Analysts attribute this upward trend to expanding DeFi applications and increasing institutional investment. The token is currently trading within a tight range between $0.2475 and $0.2647, a zone that will likely define the short-term direction of the cryptocurrency.