Dogecoin (DOGE) Price Crash Incoming This Weekend?

In a freshly shared four-hour chart of the DOGE/USDT trading pair on Binance, crypto analyst Carlos Garcia Tapia warns of potential downside for Dogecoin

Dogecoin price is displaying signs of potential weakness on the 4-hour chart, according to crypto analyst Carlos Garcia Tapia. A breakout or breakdown from an ascending wedge formation could lead to significant price moves. Higher lows (LL) and overhead resistance (a rectangular zone around $0.338–$0.343) are forming the wedge.

A horizontal resistance zone around $0.34 stands out. DOGE’s price has attempted multiple short-term moves above this level but failed to secure a confirmed breakout, suggesting sellers are strongly defending that zone.

On the downside, a green box spanning roughly $0.310 marks an area where buying interest has historically picked up. Below that level, the chart references a lower support marker near $0.262, indicating a more substantial potential drop if the wedge pattern breaks down decisively.

The analyst specifically points to the upcoming weekend as a wildcard. Historically, lower trading volumes on Saturdays and Sundays can exacerbate volatility. If Dogecoin fails to hold its rising trend line—currently near $0.328–$0.330—and liquidity thins out, the price could swiftly test the lower support around $0.310, or potentially slide toward the $0.262 zone if the selling momentum accelerates.

While a breakout above $0.343 could invalidate this bearish setup, Tapia’s cautionary note underscores the significance of a potential breakdown from the wedge formation. Weekend price action often diverges from midweek patterns due to reduced participation, meaning a sharp move in either direction could unfold more quickly than usual.