Dogecoin（Doge）每周图表开始看起来很熟悉

加密分析师广东话猫已经出版了三窗格复合材料，该复合材料重新播放了Memecoin 2020/2021融化之前所看到的技术鸡尾酒。

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

Memecoin的每周图表开始显得非常熟悉。

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.

加密分析师的广东猫（Cantonese Cat）在@cantonmeow的手柄下发布，已经出版了三窗格复合材料，该复合材料重新播放了Dogecoin 2020/2021融化之前所看到的技术鸡尾酒。

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.

该图表于周五在X上发布，列出了Dogecoin的价格动作，全球M2流动性指数和Wavetrend/加权趋势振荡器（WTO）。每个度量标准的闪烁几乎与2020周末存在的几乎相同的对齐方式，此前Doge从Cent的分数加速到五月的历史高度为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.

顶级面板显示2017年至4月中旬的每周蜡烛。目前，Dogecoin的报价为0.154美元，比2024年12月的峰值下降了68％，为0.484美元。一个手绘的黑色拱门可以追溯12月至4月的背部，厚箭头将明显的地板固定在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，粤语猫采用相同的视觉效果：一个小的圆形地层以箭头结尾，然后进行垂直突破。

M2 And WTO Line Up Perfectly For Dogecoin

M2和WTO完美排队为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.

价格表的下方是全球M2流动性指数，是广泛的货币供应现金，需求存款和易于转换的近乎货币 - 欧元，欧元，日元，庞德和Yuan Blocs的合并。 M2通常被认为是系统流动性的代理：当它扩展时，多余的资本倾向于迁移到风险资产中；当收缩时，相同的资产会饿死。

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.

该索引从2022年到2025年初向侧面移动。今天，该线路在近三顿停顿后恢复了攀登，在粤语猫的尺度上打印了97，并提高了更高的高度。

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.

底部窗格托管WAVETREND/加权趋势振荡器，这是一个在交易视图屏幕上普及的过多的倒置指标。 WTO在±100频段上绘制了快速和信号线；低于-50的移动反映了疲惫，而在该区域的两条线的看涨跨界有历史上标志着耐用的低谷。

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，随着Doge的合并结束，振荡器在2020年12月触底，向上转动并越过正面。截至上周，WTO似乎再次打印出底部，快速线正在通过其信号curl缩，暗示负动量正在流失。

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，广东话的猫的论点是三个方面的：价格正在以持续方式压缩，全球流动性正在推向新的周期高点，并且内部动力从深售向恢复。这些信号融合了上一次，Dogecoin的表现超过了每项主要资产，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.

广东话的猫在笑话中的舌头提醒 - “当它抽水时，您就是在技术中” - 掩盖了一个严肃的观点。与支付网络相比，Dogecoin仍然更像全球流动性的选择。随着新的流动性回报，该图表表明选项可能正在恢复其杠杆作用。