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The weekly Dogecoin graphic begins to be strangely familiar. Catonian crypto analyst Cat, publishing under the @Cantonmeow handle, published a three-sided composite that takes up the technical cocktail seen just before 2020/2021 Melt-Up of the same.
The graph, published on Friday on X, presents the action of the Dogecoin prices, a global liquidity index M2 and the Wavetrend / Weighted Trendy oscillator (WTO). Each metric flashes almost the same alignment which existed at the end of 2020 – the weeks before Doge accelerated with fractions of one penny at a summit entirely entirely of $ 0.74 in May following.
The upper panel displays weekly candles from 2017 in mid-April 2025. Dogecoin is currently cited at $ 0.154, down 68% compared to its peak from December 2024 to $ 0.484. A black -drawn black ark traces the traction from December to April and a thick arrow anchors the apparent floor at $ 0.13. At the end of 2020, the Cantonese cat used the same visual: a small rounding formation ended with an arrow, followed by a vertical escape.
M2 and the WTO align perfectly for Dogecoin
Under the price table is the global m2 liquidity index, a merger of the large money supply – cash, demand deposits and convertible quasi -master currency blocks – Dollar, Euro, Yen, Book and Yuan blocks. M2 is often cited as an indirect indicator of systemic liquidity: when it develops, excess capital tends to migrate into risk assets; When he contracts, these same assets are hungry for flows.
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The index moved to the side of 2022 until the beginning of 2025. Today, the line resumed its climb after a pause of almost three breaks, printing 97 on the Catonais scale Catonais and pointing to a top top.
The lower shutter hosts the Wavertrend / Weighted Trendy Oscillator, a surbourized indicator popularized on TradingView screens. The WTO traces a quick and signal line on a band ± 100; The movements below –50 reflect exhaustion, while the bull’s bulls in the two lines of this area have historically marked lasting stockings.
In December 2020, the oscillator was fully, turned upwards and crossed positive in December 2020 – precisely at the end of the consolidation of Doge. Since last week, the WTO seems to print a background again and the rapid line has been curled up by its signal, suggesting that the negative momentum bleeds.
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The Catonais argument Cat is therefore three -component: the price is compressed in a continuation model, global liquidity pushes towards fresh cycle sums and the internal momentum has moved from the occurrence deeply towards recovery. The last time these signals have converged, Dogecoin has surpassed all the main digital active ingredients for half a year.
The recall of the tongue of the tongue of the Cantonese cat – “when he pumps, you are there for technology” – makes a serious point. Dogecone is always negotiated more as an option on global liquidity than a payment network. As fresh liquidity returns, the graph suggests that the option can restore its lever effect.
At the time of the press, DOGE exchanged $ 0.155.
Star image created with dall.e, tradingView.com graphic
