Analyst predicts massive Dogecoin bounce amid surge in volume

Crypto analyst Kriss Pax forecasts a significant price surge for Dogecoin (CRYPTO:DOGE), citing bullish on-chain metrics.

Pax suggests that the current market decline may be the last downturn before a broader crypto market recovery.

He points to the upcoming Spot Ethereum (CRYPTO:ETH) ETFs as a potential catalyst for DOGE's bounce and highlights the bullish signal from the Relative Strength Index (RSI).

Additionally, Pax notes rising altcoin dominance and a bullish MACD cross, indicating a potential altcoin season.

Dogecoin's market value to realized value (MVRV) suggests it is currently undervalued.

Recent data shows a significant surge in Dogecoin’s trading volume, further supporting the bullish outlook.