Hello everyone, today we will delve into what Dogecoin is and more
We will look at the resistances and supports, with the Fibonacci retracement, in order to observe its trend in the medium-long term.


Dogecoin $DOGE : From Satire to Mass Cryptocurrency

In the cryptocurrency landscape, few coins have had such a unique and fascinating journey as Dogecoin (DOGE). Born in 2013 as a parody of Bitcoin, Dogecoin has become one of the most recognizable and popular cryptocurrencies among the general public. Its logo, inspired by the famous $SHIB meme, has made this coin an icon of digital culture.

But what makes Dogecoin so special? And, most importantly, can it be considered a valid investment? Let's analyze its history, characteristics and potential advantages and risks.

The Origins of Dogecoin: A Currency for the People

Dogecoin was created by Billy Markus and Jackson Palmer with the intent of poking fun at the growing cryptocurrency phenomenon. Unlike Bitcoin, which presented itself as a financial revolution, Dogecoin wanted to be a light, fun, and accessible currency for everyone.

Despite its humorous origins, Dogecoin has quickly gained popularity, thanks to an active and supportive community, who have used it for donations, online tipping, and charity fundraisers.

A key moment in its rise was the support of influential figures such as Elon Musk, who fueled the hype around the currency with his tweets, helping to increase its value and notoriety.

How Does Dogecoin Work?

On a technical level, Dogecoin is based on $LTC , using a Proof-of-Work (PoW) consensus algorithm to validate transactions and secure the network. However, unlike Bitcoin, Dogecoin has some significant differences:

✅ Transaction Speed: Dogecoin has a block time of one minute, compared to Bitcoin's 10 minutes, making it more suitable for fast transactions and micropayments.

✅ Unlimited Supply: Unlike Bitcoin, which has a maximum supply of 21 million coins, Dogecoin has an infinite supply, with approximately 5 billion new DOGE created each year.

✅ Low Fees: Transactions on Dogecoin are generally cheaper than Bitcoin and Ethereum, making it a practical choice for small payments.

Dogecoin's Strengths

🚀 Incredible Popularity and Community Support

One of the most fascinating aspects of Dogecoin is its community. Since its early years, users have come together for charitable causes and viral projects. A famous example was funding the Jamaican bobsled team for the 2014 Winter Olympics and supporting charitable projects in Africa.

Today, Dogecoin is one of the most well-known cryptocurrencies in the world, and its brand awareness is higher than that of many other more “serious” coins.

🌍 A Growing Adoption

Due to its popularity, Dogecoin is increasingly accepted as a payment method by businesses and platforms. Some examples include:

  • Tesla: Elon Musk has allowed the purchase of some Tesla products in DOGE.

  • AMC Theatres: Accepts Dogecoin for ticket purchases.

  • Twitch, Reddit and other platforms: Dogecoin is often used for tipping online.

Its simplicity and speed make it an ideal currency for micropayments and fast transactions.

📈 Speculative Potential

Dogecoin has proven to be extremely volatile, but this volatility has also made significant gains possible for those who have been able to anticipate trends. In particular, Elon Musk's interventions have often triggered strong price increases.

Dogecoin's Critical Points

❗ Lack of a Solid Use Case
Unlike Ethereum (which offers smart contracts) or Bitcoin (which is seen as digital gold), Dogecoin has no clear function beyond fast payments and online tips. This makes it more vulnerable to speculation.

❗ Unlimited Inflation
One of the main problems with Dogecoin is its infinite supply. Since 5 billion DOGE are created per year, this can lead to inflationary pressures, reducing the value of the coin over time.

❗ Dependence on External Factors
Dogecoin’s price is heavily influenced by public figures like Elon Musk. If the support of these figures were to wane, the coin’s value could quickly plummet.

❗ It is not the most secure blockchain
Dogecoin uses the PoW system, but with a less secure network than Bitcoin or Ethereum. This makes it more vulnerable to possible cyber attacks.

Is It Worth Investing in Dogecoin?

Dogecoin is a unique cryptocurrency with a strong community and wide recognition. If you are an investor looking for a speculative and volatile asset, DOGE can offer short-term earning opportunities.

✅ It is perfect for those who believe in the power of community and the growth of cryptocurrency adoption.
✅ It has a higher brand awareness than many other altcoins, which could ensure its long-term survival.
✅ It is easy to use and fast in transactions, ideal for micro-payments and online purchases.

However, one must consider the risks:

❗ It is highly speculative and volatile.
❗ It has no clear long-term utility.
❗ Continued inflation could limit its growth.

If you invest in Dogecoin, it is essential to do so with a clear strategy and without expecting guaranteed returns in the long term.


Ok now that we have explored what Dogecoin is and why to buy it, let's understand when to buy it.

Looking at the weekly chart usingFibonaccifind me all the levels of our interest




The targets formed obviously need to be taken with a pinch of salt but they give us an excellent level of both entry and exit.

We can only wait and hope for a super #altsesaon .