Recent days in the crypto market have been quite interesting — Dogecoin (DOGE) has surged 30% in four days, significantly outperforming Bitcoin, Ethereum, and Ripple.
Speaking of the drivers behind this rally, Grayscale's GDOG spot ETF and Bitwise's BWOW spot ETF are key. On January 2nd and January 5th, their daily net inflows reached $2.9 million and $1.6 million respectively, accumulating to $6.24 million by January 6th. Bloomberg analysts specifically highlighted that this 2x Dogecoin ETF has become one of the strongest-performing ETFs in early 2026.
From a technical perspective, Dogecoin's seven-day gain is 20.60%, with the Supertrend indicator turning bullish at the $0.126 level. As long as volume follows through, breaking above $0.15 could potentially push toward the $0.16-0.17 range — these data points still show some room for imagination.
Another focus is Shiba Inu (SHIB). Since January, it has gained 27%, marking its strongest January performance since 2023. Despite a 3% pullback during the period, it still captured a 26.30% gain over seven days, with the Parabolic SAR (Parabolic SAR) indicator turning bullish at $0.00000734. Currently, SHIB's price is trading above the 20-day moving average ($0.00000806) but still below the 50-day moving average ($0.00000828). If it can close above $0.00000914, that would truly confirm the uptrend is set to continue.
Recent days in the crypto market have been quite interesting — Dogecoin (DOGE) has surged 30% in four days, significantly outperforming Bitcoin, Ethereum, and Ripple.
Speaking of the drivers behind this rally, Grayscale's GDOG spot ETF and Bitwise's BWOW spot ETF are key. On January 2nd and January 5th, their daily net inflows reached $2.9 million and $1.6 million respectively, accumulating to $6.24 million by January 6th. Bloomberg analysts specifically highlighted that this 2x Dogecoin ETF has become one of the strongest-performing ETFs in early 2026.
From a technical perspective, Dogecoin's seven-day gain is 20.60%, with the Supertrend indicator turning bullish at the $0.126 level. As long as volume follows through, breaking above $0.15 could potentially push toward the $0.16-0.17 range — these data points still show some room for imagination.
Another focus is Shiba Inu (SHIB). Since January, it has gained 27%, marking its strongest January performance since 2023. Despite a 3% pullback during the period, it still captured a 26.30% gain over seven days, with the Parabolic SAR (Parabolic SAR) indicator turning bullish at $0.00000734. Currently, SHIB's price is trading above the 20-day moving average ($0.00000806) but still below the 50-day moving average ($0.00000828). If it can close above $0.00000914, that would truly confirm the uptrend is set to continue.