Dogecoin Remains Above Key Support Level of $0.139

Dogecoin's price is following the technical analysis by analyst Kevin. His roadmap from March 22 remains valid, indicating that the cryptocurrency is operating within an extended descending channel.

Key points include:

The critical support level is $0.139, essential for maintaining a bullish trend.
Weekly closes above this level are necessary for further upward movement; breaking below it would invalidate the bullish outlook.
Current price is around $0.16493, remaining above the 0.382 Fibonacci retracement level near $0.138.
Several momentum indicators like the Weekly Stochastic RSI and the 3-Day MACD suggest potential upward movement as they approach resets.
Kevin's trading strategy indicates confidence in Dogecoin's recovery potential, contingent on Bitcoin holding above $70K.
Further resistance levels to watch are $0.262 (0.618 Fib) and $0.413 (0.786 Fib).

As long as Dogecoin stays above $0.139, the bullish scenario remains intact, with significant upside potential beyond current levels.