Following the unofficial DOGE Day celebrations on April 20th, Dogecoin experienced a significant price spike, surging past key resistance and reaching $0.16 for the first time in months. This breakout has fueled hopes of a potential bullish comeback for the once-forgotten token. The surge was attributed to both the memecoin’s inherent appeal and increased investor interest, reflected by a surge in trading volume and market momentum. Technical indicators also supported this upward movement, with the Money Flow Index climbing to 71.71, indicating a significant rise in buying pressure, and the volume soaring to over $867 million on the day – an increase of 63% from pre-DOGE Day levels.