There’s a strange echo rattling through the dusty corridors of Dogecoin’s weekly chart, like a familiar song hummed by a desert wind. Cantonese Cat, that sly oracle tweeting as @cantonmeow, set out a collage of signs—the kind you swore you’d never see again since the gold rush days of 2020/2021 when that little memecoin rode the bronco straight to glory.
On a quiet Friday, Cantonese Cat rolled out three panels—Dogecoin’s price dance, the Global M2 Liquidity Index, and that finicky beast, the WaveTrend/Weighted Trend Oscillator (WTO). All three, like cowboys in sync, pointed the same way they did before DOGE went from paper pennies to nearly three quarters of a dollar. It’s like déjà vu playing tricks, or maybe just a cruel joke in crypto’s wild west.
The top panel’s a tale of candles flickering week by week from ’17 till this April of 2025. Dogecoin, at $0.154, is limping back some 68% from a December high of $0.484. A shaky black arch sketches the retreat from December through spring like a tired cowboy’s arc, with a thick arrow marking a floor at $0.13 — the kind of line drawn in dust before a showdown. Back in 2020, Cantonese Cat’s hand did the same doodle, and then, well, the bucking bronco really took off.
M2 and WTO: The Mysterious Puppeteers Behind Dogecoin’s Dance
Just below that candle-lit saga lounges the Global M2 Liquidity Index—picture it as the sum of all the world’s cash, near-cash, and those funny little digits floating ‘round the dollar, euro, yen, pound, and yuan pools. When M2 stretches its legs, risk assets tend to throw a party; when it shrinks, well, it’s like the music’s stopped and everyone’s staring at their empty pockets.
Since 2022, M2 had been staring off into space, moving sideways like a bull too tired to charge. But in early 2025, it stirred again, climbing like a Jackrabbit pulled by an unseen rope, marking a new high on Cantonese Cat’s quirky scale. The beast wakes.
At the bottom, the WTO swings back and forth like a weather vane whipped by market storms. This oscillator, beloved by traders who read charts like tea leaves, shows exhaustion when it drops below –50 and a rally when its fast line flips above the signal. December 2020 saw this oscillator hit the floor, then kick its heels up, just as Dogecoin saddled up for a runaway ride.
Last week, that same bird is singing again—WTO is curling upwards with a coy smile, as if whispering “Not this time, bear market.” It’s a hint that the tide may be turning, if you like signs from squiggly lines.
Cantonese Cat’s thesis is a three-legged stool of crypto wisdom: price is coiling in a tight pattern, global money is flooding the rails once more, and momentum is shaking off the dust of oversold despair. The last time these three rode together, Dogecoin was the toast of the marketplace, outshining all the fancy digital coins for six long moons.
And just like a cheeky gambler at the saloon, Cantonese Cat jokes, “When it pumps, you’re in it for the tech.” But truth hides behind the grin—Dogecoin’s less a currency these days, more an option on the global money printing press. As that faucet turns back on, this chart says Doge might just be gearing up for another wild ride. Hold on tight.
At this story’s telling, DOGE traded close by at $0.155—still cheap enough for a dream, pricey enough to make you reach for your hat.
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2025-04-18 20:15