On January 8th, Dogecoin's performance remains strong — the recent four-day increase has reached 30%, and the current quote is about $0.151. This rally is not without cause; several forces are driving the momentum behind it.

From a capital perspective, sustained net inflows into leveraged ETFs have become an important driving force, and whale addresses are also taking the opportunity to increase their holdings. This synchronized bullish signal from institutions and large investors is usually not too far off. More notably, the entire meme coin sector is experiencing a collective revival, with the total market capitalization of this track having increased by over 30%. As the largest representative, Dogecoin naturally benefits from this trend.

From a technical standpoint, the current situation is in a relatively healthy consolidation phase. The short-term support level is pinned at the $0.150 mark, but there is a detail — various oscillation indicators are approaching overbought levels, which means there could be a risk of a slight short-term pullback. Sentiment-wise, both institutional and retail enthusiasm are rising in sync, and this consensus can sometimes lead to contrarian fluctuations.

Overall, the rally is genuine, and the underlying logic is sound, but the pressure for a correction after rapid ascent should also be kept in mind.