Dogecoin（Doge）每週圖表開始看起來很熟悉

加密分析師廣東話貓已經出版了三窗格複合材料，該複合材料重新播放了Memecoin 2020/2021融化之前所看到的技術雞尾酒。

The memecoin's weekly chart is beginning to look eerily familiar.

Memecoin的每週圖表開始顯得非常熟悉。

Crypto analyst Cantonese Cat, posting under the handle @cantonmeow, has published a three-pane composite that reprises the technical cocktail seen just before Dogecoin's 2020/2021 melt-up.

加密分析師的廣東貓（Cantonese Cat）在@cantonmeow的手柄下發布，已經出版了三窗格複合材料，該複合材料重新播放了Dogecoin 2020/2021融化之前所看到的技術雞尾酒。

The graphic, released Friday on X, lays out Dogecoin's price action, a Global M2 Liquidity Index and the WaveTrend/Weighted Trend Oscillator (WTO). Each metric is flashing almost the same alignment that existed in late 2020-weeks before DOGE accelerated from fractions of a cent to an all-time high of $0.74 the following May.

該圖表於週五在X上發布，列出了Dogecoin的價格動作，全球M2流動性指數和Wavetrend/加權趨勢振盪器（WTO）。每個度量標準的閃爍幾乎與2020週末存在的幾乎相同的對齊方式，此前Doge從Cent的分數加速到五月的歷史高度為0.74美元。

The top panel displays weekly candles from the 2017 through mid-April 2025. Dogecoin is presently quoted at $0.154, down 68% from its December 2024 peak at $0.484. A hand-drawn black arch traces the December-to-April pull-back, and a thick arrow anchors the apparent floor at $0.13.

頂級面板顯示2017年至4月中旬的每週蠟燭。目前，Dogecoin的報價為0.154美元，比2024年12月的峰值下降了68％，為0.484美元。一個手繪的黑色拱門可以追溯12月至4月的背部，厚箭頭將明顯的地板固定在0.13美元。

In late 2020, Cantonese Cat employed the same visual: a small rounding formation ended with an arrow, followed by a vertical breakout.

在2020年底，粵語貓採用相同的視覺效果：一個小的圓形地層以箭頭結尾，然後進行垂直突破。

M2 And WTO Line Up Perfectly For Dogecoin

M2和WTO完美排隊為Dogecoin

Beneath the price chart sits the Global M2 Liquidity Index, an amalgamation of the broad money supply-cash, demand deposits and easily convertible near-money-across the dollar, euro, yen, pound and yuan blocs. M2 is often cited as a proxy for systemic liquidity: when it expands, excess capital tends to migrate into risk assets; when it contracts, those same assets are starved of flows.

價格表的下方是全球M2流動性指數，是廣泛的貨幣供應現金，需求存款和易於轉換的近乎貨幣 - 歐元，歐元，日元，龐德和Yuan Blocs的合併。 M2通常被認為是系統流動性的代理：當它擴展時，多餘的資本傾向於遷移到風險資產中；當收縮時，相同的資產會餓死。

The index was moving sideways from 2022 until the beginning of 2025. Today, the line has resumed its climb after an almost three pause, printing 97 on Cantonese Cat's scale and carving out a higher high.

該指數從2022年到2025年初向側面移動。今天，這條線恢復了近三次的停頓，在粵貓的尺度上打印了97，並雕刻出更高的高高。

The bottom pane hosts the WaveTrend/Weighted Trend Oscillator, an overbought-oversold indicator popularised on TradingView screens. The WTO plots a fast and signal line on a ±100 band; moves below -50 reflect exhaustion, while bullish crossovers of the two lines out of that zone have historically marked durable lows.

底部窗格託管WAVETREND/加權趨勢振盪器，這是一個在交易視圖屏幕上普及的過多的倒置指標。 WTO在±100頻段上繪製了快速和信號線；低於-50的移動反映了疲憊，而在該區域的兩條線的看漲跨界有歷史上標誌著耐用的低谷。

In December 2020 the oscillator bottomed, turned upward and crossed positive in December 2020-precisely as DOGE's consolidation ended. As of last week, the WTO seems to be printing a bottom again and the fast line is curling up through its signal, hinting that negative momentum is bleeding away.

2020年12月，隨著Doge的合併結束，振盪器在2020年12月觸底，向上轉動並越過正面。截至上週，WTO似乎再次打印出底部，快速線正在通過其信號curl縮，暗示負動量正在流失。

Cantonese Cat's argument is therefore three-pronged: price is compressing in a continuation pattern, global liquidity is pushing to fresh cycle highs, and internal momentum has shifted from deeply oversold toward recovery. The last time those signals converged, Dogecoin outperformed every major digital asset for half a year.

因此，廣東話的貓的論點是三個方面的：價格正在以持續方式壓縮，全球流動性正在推向新的周期高點，並且內部動力從深售向恢復。這些信號融合了上一次，Dogecoin的表現超過了每項主要資產，半年。

Cantonese Cat's tongue-in-cheek reminder-"When it pumps, you're in it for the tech"-masks a serious point. Dogecoin still trades more like an option on global liquidity than a payment network. As fresh liquidity returns, the chart suggests that option may be reinstating its leverage.

廣東話的貓在笑話中的舌頭提醒 - “當它抽水時，您就是在技術中” - 掩蓋了一個嚴肅的觀點。與支付網絡相比，Dogecoin仍然更像全球流動性的選擇。隨著新的流動性回報，該圖表表明選項可能正在恢復其槓桿作用。