Dogecoin’s rebound from recent lows has carried the memecoin into a dense 
resistance area, with crypto analyst Kevin of Kev Capital TA warning that the 
move remains a “counter trend rally” unless Bitcoin confirms a broader market 
reversal. In a May 6 market update, Kevin said Dogecoin’s recovery has so far 
played out in line with his prior view that the asset was likely to see a 
rebound from deeply oversold levels. He noted that he entered a DOGE position 
around $0.09 and that the trade was up roughly 26.6% at the time of recording. 
But he framed the rally as tactical rather than decisive, repeatedly stressing 
that altcoin charts should not be analyzed in isolation while Bitcoin 
dominance remains elevated. “Always remember when you’re analyzing an altcoin, 
the first thing you should be doing is analyzing Bitcoin and the USDT 
dominance chart,” he said. “From there, you can also analyze the pairing 
charts too. For example, Doge versus BTC. Then from there, you analyze the 
individual chart on its own, its own USD chart.” Key Dogecoin Price Levels Now 
For Dogecoin, the immediate technical focus is the area between $0.117 and 
$0.125. Kevin identified $0.117 as the 0.786 Fibonacci retracement and said 
DOGE was already pressing into that level. Just above it, he pointed to the 
daily 200 EMA and 200 SMA around $0.124 to $0.125, describing the entire band 
as “major major resistance.” Related Reading: Dogecoin’s XRP Fractal Just Put 
A Date On The Next ATH Run: Analyst That zone matters because it is where 
Dogecoin’s rebound begins to collide with the same type of higher-time-frame 
resistance now facing Bitcoin. Kevin said BTC remains technically in a 
countertrend move as it pushes into the $82,000 to $87,000 region, while USDT 
dominance is nearing his previously marked 6.8% to 6.6% target zone. In his 
framework, that combination means the crypto market is approaching a point 
where the rebound either confirms strength or begins to fade. “If this is a 
counter trend rally, we’re really getting long in the tooth on that counter 
trend rally,” he said. “Now, if something different is occurring and we’re 
entering back into a higher time frame uptrend, we’re breaking the four-year 
cycle narrative of needing to go down in the midterm year until Q4. We’re 
doing it now.” Kevin said the bullish scenario would require Bitcoin to break 
toward $95,000 to $100,000, then retest and hold key moving averages and 
Fibonacci levels as support. Until that happens, he argued, the more 
conservative technical interpretation is that Bitcoin and the altcoin market 
are still working through a recovery rally inside a larger corrective 
structure. For Dogecoin specifically, a sustained push above the first 
resistance band could open the door to a higher target area between $0.136 and 
$0.159. Kevin described that range as even heavier resistance, combining the 
0.703 Fibonacci level with the golden pocket. He said DOGE has previously 
found resistance in that region, making it a key zone to watch if the rally 
continues. Related Reading: Dogecoin Sees Big-Money Interest: Whales Load Up 
On 160M DOGE The analyst also pointed to momentum risk. Dogecoin’s daily RSI 
had reached around 81, a level he described as rare over the past several 
years. While he acknowledged that RSI can still move higher in strong trends, 
he said DOGE was now approaching conditions where a pullback becomes 
increasingly likely, especially as price presses into major Fibonacci and 
moving-average resistance. “Anytime you’ve ever started to get up into these 
zones, and again, 81’s high. You can go higher, right? You can go into the mid 
80s, the 90s,” he said. “But again, just remember, you’re really high up here 
on the RSI. You’re probably going to start again getting ready for some type 
of pullback here in the coming days.” That does not mean Kevin presented the 
rally as weak. He highlighted Dogecoin’s money flow as a constructive signal, 
saying it had moved from “very deep red” back into green territory after a 
prolonged bearish trend. In his view, that suggests real capital has begun 
rotating back into the asset. Still, his core message was risk management. If 
DOGE rejects near $0.117 to $0.125, he said traders should watch whether the 
asset can hold key four-hour moving averages on a pullback. A deeper breakdown 
toward the $0.05 to $0.06 area would not be his base case in the short term, 
but he said that zone would be an area where he would consider dollar-cost 
averaging into a larger position. For now, Dogecoin has staged a sharp 
recovery. The next test is whether it can turn that rebound into a trend shift 
— and, in Kevin’s view, that answer still depends first on Bitcoin. At press 
time, DOGE traded at $0.11143. Featured image created with DALL.E, chart from 
TradingView.com

Dogecoin Rally Hits Make-Or-Break Zone, Crypto Analyst Warns

AWS incorporates Coinbase&#8217;s x402, enabling crypto micropayments via AI on the 
Bedrock AgentCore, streamlining autonomous stability.
The post Coinbase and AWS bring USDC payments to enterprise AI agents appeared 
first on Crypto Briefing.

Coinbase and AWS bring USDC payments to enterprise AI agents

BNY Mellon has increased its holdings in Strategy (MSTR) to 1 million shares 
worth about $187.2 million, deepening its use of the Bitcoin treasury company 
as a proxy for BTC exposure without holding coins directly. The Bank of New 
York…

BNY Mellon lifts Strategy stake to 1 million shares worth $187.2 million

Anthropic has struck an unexpected deal with Elon Musk-owned SpaceX to expand 
computing capacity for its Claude AI models. The agreement gives Anthropic 
access to 300 megawatts of new compute power from SpaceX’s Colossus 1 data 
center in Memphis, Tennessee,…

Elon Musk opens xAI data centers to Anthropic in surprise AI deal

TrustedVolumes has confirmed it was hacked for roughly $6.7 million and says 
it is willing to negotiate a bounty and “mutually acceptable solution” with 
the attacker. In a post on X, the 1inch‑linked liquidity provider said the 
stolen funds are…

TrustedVolumes confirms $6.7 million exploit, seeks “constructive” talks with hacker

South Korea’s Finance Ministry has reportedly confirmed for the first time 
that a 22% tax on crypto gains will proceed as scheduled in January 2027.

Dogecoin Rally Hits Make-Or-Break Zone, Crypto Analyst Warns

Comments