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).
Mattsby argues the difficulty stems from confluence rather than a single line. “A big pile of resistance right here in the 24 to 26-cent zone,” 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—~$0.2464 and ~$0.2453—creating a narrow corridor where rallies stall and pullbacks find immediate bids.
He also flags the cloud ceiling as the last gate before momentum expansion; while he verbally referenced “around 28 cents,” 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–$0.29s.
He expects more time within the range but anticipates an impulsive resolution once the lid gives way: “One of these weeks we might be able to see like a bullish engulfing candle just breaking through multiple levels and just continuing higher.” In his words, “Not ready to break free just yet, but the setup is there… a little bit more patience, but it’s setting up perfectly to go higher.”
Below, the weekly Ichimoku scaffolding outlines support stair-steps at Leading Span A (~$0.2348) and the Base Line (~$0.2184), aligning with Mattsby’s preferred “accumulation” pocket. “I love this 24-cent zone, maybe even down to the 22-cent zone. That area of support looks beautiful for accumulation until it’s ready to break free,” he said. Deeper, the mid-cycle retracement marks line up at 0.500 (~$0.1907), 0.382 (~$0.1385) and 0.236 (~$0.0932).
Mattsby also reiterates the role of the weekly 50-period moving average as an active barrier within the same band, emphasizing that DOGE is “still battling that as a potential resistance trying to flip it all to support.” The proximity of the 50-week to the conversion line and the 0.618 fib is part of what makes the cluster decisive: a weekly close through $0.26261 that also recaptures the conversion line and neutralizes the cloud’s lower boundary would simultaneously flip multiple filters—momentum, trend, and mean—into alignment.
At press time, DOGE traded at $0.25671.
