Dogecoin is currently trading near $0.1641, indicating a slight weekly decline of 0.4%. This price point falls within a tight range defined by support at $0.1603 and resistance at $0.1763. A five-year triangle pattern, visible on the six-month chart, is contributing to this observed structure. The pattern has been developing for over 1,826 days, signifying a long-term compression of price movements towards a narrowing apex. Based on the chart’s projection, Dogecoin’s price could reach $1.2 in the long term. While Dogecoin’s short-term price has seen minor fluctuations this week, its continued trading within the defined range highlights the influence of the five-year triangle pattern. The pattern suggests a possible trend of consolidation before further price direction.