Dogecoin (CRYPTO: DOGE) surged 30% over 4 days, whereas Shiba Inu (CRYPTO: SHIB) rallied 27% in its strongest January efficiency since 2023, outperforming Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP).
DOGE ETFs Drive Institutional Demand
The Grayscale DOGE Spot ETF (NYSE:GDOG) and Bitwise DOGE Spot ETF (NYSE:BWOW) noticed explosive demand in early January after months of flat exercise.
Each day internet inflows spiked to $1.60 million on January 5 and $2.90 million on January 2, marking the primary vital institutional shopping for because the ETFs launched in late 2025.
Cumulative complete internet influx throughout DOGE spot ETFs reached $6.24 million as of January 6, with practically all of that capital flowing in in the course of the first week of January.
Bloomberg analysts noted that the 2x Dogecoin ETF has change into one of many best-performing ETFs in early 2026.
The ETF launches mark a major shift as institutional merchandise deliver legitimacy to property beforehand dismissed as purely speculative memecoins.
DOGE posted a 20.60% acquire over the previous seven days after breaking via key technical resistance ranges.
Dogecoin Technical Setup Exhibits Bullish Divergence
DOGE Value Evaluation By TradingView
DOGE trades trapped under main EMAs, however the Supertrend indicator flipped bullish at $0.126, suggesting potential development reversal regardless of bearish channel construction.
If DOGE holds above $0.126 help and reclaims the 20 EMA at $0.137, accelerated upside towards $0.16-$0.17 resistance zone turns into achievable.
A break above $0.15 with quantity would affirm the bullish sign, whereas failure to carry $0.126 invalidates the setup.
DOGE Netflows By Coinglass
Spot influx/outflow knowledge reveals a internet outflow of $9.28 million on January 7.
While outflows usually counsel accumulation or motion to chilly storage, the persistent downtrend suggests these actions could point out capitulation or strategic exits reasonably than assured holding habits.
SHIB Marks Strongest January Since 2023
SHIB Value Dynamics By TradingView
Shiba Inu climbed 27% in January and is up 26.30% over the previous seven days, although it skilled a 3% pullback within the final 24 hours.
The Parabolic SAR at $0.00000734 flipped bullish (dots under value), suggesting constructing upside momentum regardless of value remaining under most EMAs.
The token sits above the 20 EMA at $0.00000806 however faces resistance on the 50 EMA at $0.00000828 and the channel midpoint.
A break above $0.00000914 (100 EMA) would affirm bullish continuation, whereas failure to carry $0.00000806 help invalidates the setup.
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