Recent price movements in DOGE are reminiscent of late 2020, when the meme token surged over 1,000% in early 2021 after bouncing from a bear market.

DOGE 最近的價格走勢讓人想起 2020 年底，當時 Meme 代幣從熊市反彈後在 2021 年初飆升了 1,000% 以上。

The current price action of DOGE bears a striking resemblance to late 2020. This similarity is noteworthy as DOGE experienced a monumental rally in the early months of 2021.

DOGE 目前的價格走勢與 2020 年底驚人相似。這種相似性值得注意，因為 DOGE 在 2021 年初經歷了巨大的反彈。

According to the Dow Theory, asset price trends often repeat themselves, akin to Mark Twain’s famous quote: “History never repeats itself, but often rhymes.” Therefore, traders frequently analyze current price action against historical patterns to anticipate future movements.

根據道氏理論，資產價格趨勢經常重演，類似於馬克吐溫的名言：“歷史永遠不會重演，但往往會押韻。”因此，交易者經常根據歷史模式分析當前的價格走勢，以預測未來的走勢。

Dogecoin, the leading meme cryptocurrency, has recently broken above its widely followed 50, 100, and 200-week simple moving averages, ending a prolonged 20-month consolidation period within the depths of a bear market. Notably, the 50-week SMA has crossed above the 100-week SMA, indicating a bullish momentum shift.

狗狗幣是領先的迷因加密貨幣，最近突破了廣泛關注的 50、100 和 200 週簡單移動平均線，結束了熊市深處長達 20 個月的盤整期。值得注意的是，50 週移動平均線已突破 100 週移動平均線，顯示看漲動能發生轉變。

These developments closely mirror those observed in late 2020, which preceded DOGE’s explosive rally in the early months of 2021.

這些事態發展與 2020 年底觀察到的情況密切相關，即 DOGE 在 2021 年初幾個月爆發性反彈之前。

After spending 20 months trading between 5 and 15 cents, DOGE broke out of its bear market consolidation phase late last month. A similar consolidation period lasting 20 months occurred in late 2019 and 2020, setting the stage for a significant rally in early 2021, during which DOGE surged by 3,600% to 37 cents by May.

在經歷了 20 個月的 5 至 15 美分交易後，DOGE 於上月底突破了熊市盤整階段。 2019 年末和 2020 年也出現了類似的持續 20 個月的盤整期，為 2021 年初的大幅上漲奠定了基礎，在此期間 DOGE 到 5 月份飆升了 3,600% 至 37 美分。

Considering this historical fractal, DOGE’s trajectory may favor further upside. However, it’s worth noting that DOGE’s uptrends are typically short-lived, lasting around six months, followed by a prolonged consolidation or bottoming process spanning nearly three years.

考慮到這一歷史分形，DOGE 的軌跡可能有利於進一步上漲。然而，值得注意的是，DOGE 的上升趨勢通常是短暫的，持續約六個月，隨後是長達近三年的長期盤整或觸底過程。

Another similarity between the current environment and 2020 is the anticipation of interest rate cuts by major central banks, including the Federal Reserve. Expectations of renewed liquidity easing could benefit riskier assets, similar to the conditions in 2020 when central banks maintained near-zero interest rates.

當前環境與 2020 年的另一個相似之處是對包括聯準會在內的主要央行降息的預期。重新放寬流動性的預期可能有利於風險較高的資產，類似於 2020 年央行維持接近零利率的情況。

Nevertheless, it’s essential to recognize that past performance does not guarantee future results, particularly in the case of speculative cryptocurrencies like DOGE. A potential downturn in Bitcoin, the dominant cryptocurrency, could exert downward pressure on DOGE and other meme coins.

然而，必須認識到過去的表現並不能保證未來的結果，特別是對於像 DOGE 這樣的投機加密貨幣。占主導地位的加密貨幣比特幣的潛在低迷可能會對 DOGE 和其他迷因幣造成下行壓力。