DOGE, SHIB Surge 30% While BTC, ETH, XRP Lag-What's Happening?

Dogecoin (DOGE) and Shiba Inu (SHIB) have surged over 30% in early January 2026, outperforming larger cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The recent rally comes as institutional interest in DOGE spot ETFs has surged, with net inflows reaching $2.9 million on January 2. This marks a shift in capital flows compared to months of flat trading.

DOGE's price rose 20.6% in seven days after breaking through key technical resistance levels. The Supertrend indicator flipped bullish at $0.126, suggesting a potential trend reversal despite bearish channel structure. A sustained move above $0.126 support could open the path to $0.16–$0.17 resistance.

Shiba Inu (SHIB) has also seen strong January performance, climbing 27% to its highest level since 2023. SHIB's price stabilized above $0.000008 and has seen aggressive on-chain activity, with SHIB burning surging 10,728% in 24 hours as of January 1. This deflationary action destroyed over $172 million worth of tokens.

Why Did This Happen?

Institutional demand for DOGE spot ETFs has increased sharply in early 2026. The Grayscale DOGE Spot ETF and Bitwise DOGE Spot ETF saw net inflows of $1.6 million on January 5 and $2.9 million on January 2, the first significant institutional buying since the ETFs launched in late 2025.

DOGE's technical structure has improved, with the Supertrend indicator flipping bullish at $0.126. SHIB has also seen deflationary pressure, with aggressive token burns reducing the circulating supply. These on-chain actions have created a sense of scarcity and renewed institutional and retail interest.

How Did Markets React?

Bitcoin and Ethereum, while still in uptrends, have shown signs of consolidation. BTC is trading near $93,000, with the RSI showing signs of weakness and indicating potential profit-taking. ETH remains above $3,200, supported by the 50-day EMA, but faces near-term resistance around $3,300.

XRP has stalled near the 200-day EMA at $2.35 and faces a descending trendline from its record high of $3.66. Despite this, XRP's derivatives market shows increased Open Interest (OI), averaging $4.55 billion as of January 7. This suggests that both retail and institutional demand may be building for a potential breakout.

What Are Analysts Watching Next?

DOGE traders are closely monitoring whether the $0.126 level holds. A sustained move above this level could trigger a bullish acceleration toward $0.16–$0.17 resistance. SHIB analysts are watching if the $0.000008 level holds as support, with a potential breakout toward $0.000011 and $0.000013 resistance levels.

Bitcoin ETFs have shown renewed institutional demand, with BlackRock's iShares Bitcoin Trust (IBIT) leading inflows. Bitcoin's price action remains above key EMAs, and the MACD indicator suggests a bullish near-term outlook. A close above the 100-day EMA at $96,651 could reinforce Bitcoin's potential for a move toward $100,000.

XRP traders are watching for a breakout above the 200-day EMA and descending trendline. A sustained move above these levels could target $3.00, which would be a significant milestone for the token. Analysts are also watching for further institutional demand in XRP ETFs, which have seen a steady increase in inflows since their launch in November 2025.