Dogecoin is compressed under a dense band of weekly resistance that can unleash a strong uptick after being cleared, according to Crypto Analyst the Great Mattsby (@Matthughes13).
In the October 5th video, Mattsby immediately triggers a 0.618 retracement from the peak of 2021 to the 2022 Cycle LOW ($0.26261) with “price still being rejected,” adding “it’s probably an area of interest in trying to close the above.” His weekly Doge/USDT chart screenshots show prices between about $0.248-0.249 on recording, with sessions close to $0.265 and close to $0.226, highlighting the market repeatedly testing the band without ensuring a decisive end.
Dogecoin coils under huge resistance
Madsby argues that difficulty is due to confluence rather than a single row. “A huge mountain of resistance in the last 24-26 cent zone,” he said. The bottom edge of the unilateral cloud and the conversion line stacked above 0.618. His charts are annotated to ~$0.2512 on the West Coast conversion line, and on a simple moving average (~$0.2464 and ~$0.2453) clustered below and around it, creating a narrow corridor where the gatherings quickly find a bid.
He also flags the cloud ceiling as the final gate before the momentum expands. While he verbally referenced “about 28 cents”, the unilateral reading span B, the screenshot weekly readout location, went close to 0.2937, effectively defining a resistance shelf from around $0.26 to a high of 0.28S to 0.29 seconds.
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Despite the food stalls, Madsby reveals that the structure has become more constructive. “It was a beautiful breakout back test for this orange arc…and from the bottom of April it’s higher, higher, higher, higher, higher, lower. So it’s the market structure that’s needed to break out.”
He expects more time within range, but predicts impulsive resolution when the lid collapses. “One of these weeks may be able to see bullish siege candles break through multiple levels and just continue high,” he said, “We’re not ready to release yet, but the setup is there… there’s a little more patience, but it’s perfectly set up to be totally high.”
The screenshot pins both the upside roadmap and the disable rung. Overhead, the Fibonacci stack on the 0.618 pin will attract historically profits and seduce Excel to a strong environment, at levels 0.702 (~$0.3298), 0.786 (~$0.4142), 0.886 (~$0.5432) and at an all-time high of 0.73995.
Below, weekly unsolved scaffolding supports stair steps at major span A (~$0.2348) and baseline (~$0.2184) to match the preferred “accumulation” pocket of Madsbee. “I love this 24-cent zone and probably even up to the 22-cent zone. That area of support looks beautiful to accumulate until you’re ready to be free,” he said. Deeper, mid-cycle retracement marks line up at 0.500 (~$0.1907), 0.382 (~$0.1385) and 0.236 (~$0.0932).
Related Reading: Can Dogecoin hit $1? Bullish patterns and global adoption spark fresh optimism in October
Madsby also reiterates the role of the weekly 50th moving average as an active barrier within the same band, stressing that Doge is “still fighting as a potential resistance to back up everything.” The 50-week conversion line and proximity of the 0.618 FIB is part of what makes the cluster definitive. Through weekly $0.26261, multiple filters (motherm, trend, average) flip simultaneously while recreating the transformation line and neutralizing the low boundaries of the cloud.
The bottom line of his roadmap is clear. The market is caught up directly under the $0.26 trigger, creating a rising base that is above $0.22-$0.24. Analysts’ expectations are ongoing high levels of integration until oversized candles resolve the deadlock. “It’s pretty much ready. It’s not yet,” he concluded. “It’s not. If that barrier breaks, true excitement can begin.”
At the time of pressing, Doge traded for $0.25671.
Featured images created with dall.e, charts on tradingview.com
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