fxstreet.com 10 Feb, 2021 08:00 am

DOGE fever spreads to China as it prepares for a 22% downswing

Dogecoin has been the most significant contributor to the crypto-related chatter on various social media channels. The ‘Meme Coin’ rallied again, surp

Dogecoin’s search engine volume spikes on Baidu as the world discovers the ‘Meme Coin.Dogecoin search volume hit an all-time high on Baidu.Dogecoin search volume on Baidu Dogecoin engages reverse gear It is usual for a cryptoasset’s price to correct following a surge in its social media volume.On the other hand, the Dogecoin search volume has rallied in China, which may impact the buying pressure behind Dogecoin—thus placing DOGE on the trajectory to new record highs.

’ DOGE is correcting toward the 50 SMA on the 4-hour chart after rejection at $0.The pessimistic outlook has been validated the Relative Strength Index negative (RSI) divergence on the 4-hour chart.

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