The cryptocurrency market has been quite interesting in recent days — Dogecoin(DOGE) has surged 30% in four days, directly outpacing the performance of Bitcoin, Ethereum, and Ripple.

Speaking of the driving forces 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, and by January 6th, the total had climbed to around $6.24 million. Bloomberg analysts also pointed out that this 2x Dogecoin ETF has become one of the best-performing ETFs early in 2026.

From a technical perspective, Dogecoin has gained 20.60% over seven days, and the Super Trend indicator has turned bullish at the $0.126 level. As long as trading volume keeps up and the price breaks through $0.15, it could push toward the $0.16–$0.17 range — these figures still hold some potential.

Another focus is Shiba Inu(SHIB). Since January, this coin has risen 27%, marking its strongest January performance since 2023. Although there was a 3% pullback during this period, it still gained 26.30% over seven days. The Parabolic SAR indicator(Parabolic SAR) has also turned bullish at the $0.00000734 level. Currently, SHIB's price is 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, it would confirm that the upward trend is continuing.