Dogecoin Trapped in Triangle Consolidation

Dogecoin's price action has been indecisive, with both accumulation and distribution signals underway as it trades within a triangle pattern.

The memecoin's circulating supply dynamics are aligning with its technical outlook, but long-term bullish hopes seem to be fading.

A breakout past the major resistance of $0.081 would expose $0.1774 as the next major resistance, where 25 billion DOGE were bought.

However, Dogecoin trades above the demand zone at $0.0690, where well over 5 billion DOGE were accumulated.