Dogecoin's recent surge in trading volume has prompted analyst Kriss Pax to predict a potential significant price bounce. Pax highlighted several bullish indicators, including the relative strength index (RSI), moving average convergence/divergence (MACD), and Dogecoin's market value to realized value (MVRV), which suggests it is undervalued. He also noted the expected launch of Spot Ethereum ETFs as a potential catalyst for a broader crypto market recovery. Currently, Dogecoin is trading at around $0.12, up over 4% in the last 24 hours.