Dogecoin is compressing beneath a dense band of weekly resistance that could unlock a powerful upside continuation once cleared, according to crypto analyst The Great Mattsby (@matthughes13).<\/p>\n
In his October 5 video<\/a>, Mattsby frames the 0.618 retracement from the 2021 peak to the 2022 cycle low\u2014marked at $0.26261\u2014as the immediate trigger that \u201cprice is still getting rejected at,\u201d adding: \u201cThat\u2019s the area of interest to maybe try to close above.\u201d Screenshots of his weekly DOGE\/USDT chart show price hovering around $0.248\u2013$0.249 at the time of recording, with a session high near $0.265 and low near $0.226, underscoring how repeatedly the market has tested the band without securing a decisive close.<\/p>\n Mattsby argues the difficulty stems from confluence rather than a single line. \u201cA big pile of resistance right here in the 24 to 26-cent zone,\u201d he said, pointing to the lower edge of the Ichimoku Cloud and the conversion line stacked atop the 0.618. His chart annotates the Ichimoku Conversion Line at ~$0.2512, with clustered simple moving averages just beneath and around it\u2014~$0.2464 and ~$0.2453\u2014creating a narrow corridor where rallies stall and pullbacks find immediate bids.<\/p>\n He also flags the cloud ceiling as the last gate before momentum expansion; while he verbally referenced \u201caround 28 cents,\u201d the screenshotted weekly readout places Ichimoku Leading Span B near ~$0.2937, effectively defining a resistance shelf running from roughly $0.26 up to the high-$0.28s\u2013$0.29s.<\/p>\n Despite the stall, Mattsby is clear that the structure has turned constructive. \u201cIt was a beautiful breakout back test of this orange arc\u2026 and ever since that bottom in April, it\u2019s higher highs, higher low, higher high, higher low. So, it is the market structure that is required to break out<\/a>.\u201d<\/p>\n He expects more time within the range but anticipates an impulsive resolution once the lid gives way: \u201cOne of these weeks we might be able to see like a bullish engulfing candle just breaking through multiple levels and just continuing higher.\u201d In his words, \u201cNot ready to break free just yet, but the setup is there\u2026 a little bit more patience, but it\u2019s setting up perfectly to go higher.\u201d<\/p>\n The screenshots anchor both the upside roadmap<\/a> and the invalidation rungs. Overhead, the Fibonacci stack above the 0.618 pins subsequent hurdles at the 0.702 (~$0.3298), 0.786 (~$0.4142), 0.886 (~$0.5432) levels as well as the all-time high at 0.73995\u2014zones that historically attract profit-taking and trend acceleration when reclaimed in strong cycles.<\/p>\n Below, the weekly Ichimoku scaffolding outlines support stair-steps at Leading Span A (~$0.2348) and the Base Line (~$0.2184), aligning with Mattsby\u2019s preferred \u201caccumulation\u201d pocket. \u201cI love this 24-cent zone, maybe even down to the 22-cent zone. That area of support looks beautiful for accumulation until it\u2019s ready to break free,\u201d he said. Deeper, the mid-cycle retracement marks line up at 0.500 (~$0.1907), 0.382 (~$0.1385) and 0.236 (~$0.0932).<\/p>\nDogecoin Coils Beneath Massive Resistance<\/h2>\n