Development Activities Boost Dogecoin Price

開發活動推高狗狗幣價格

Recent observations indicate that development activities significantly impact Dogecoin's (DOGE) price. Contrary to previous beliefs, some metrics suggest a strong correlation between development efforts and DOGE price fluctuations. Despite stable activities since April 24, DOGE's price has been consolidating between $0.13 and $0.16.

最近的觀察結果表明，開發活動顯著影響狗狗幣（DOGE）的價格。與先前的看法相反，一些指標顯示開發工作與 DOGE 價格波動之間有強烈的相關性。儘管自 4 月 24 日以來活動穩定，DOGE 的價格一直在 0.13 美元至 0.16 美元之間盤整。

How Do Development Activities Affect DOGE?

開發活動如何影響 DOGE？

Development activity refers to the contributions and progress made by those working on a project's network. Historically, an increase in development activity has coincided with a rise in DOGE's price. For example, from February to March, the metric increased from 0.39 to 16.24, and DOGE's price surged from $0.08 to $0.14. A similar trend was seen between October and November 2023.

開發活動是指專案網路工作人員所做的貢獻和進展。從歷史上看，開發活動的增加與 DOGE 價格的上漲同時發生。例如，從 2 月到 3 月，該指標從 0.39 增加到 16.24，DOGE 的價格從 0.08 美元飆升到 0.14 美元。 2023 年 10 月至 11 月期間也出現了類似的趨勢。

However, reduced development activities might lead to a price decline. Currently, it appears challenging for DOGE to replicate its earlier performance. Additionally, the influence of liquidation levels on cryptocurrency prices cannot be ignored. These levels signify the price points where significant trading events, such as forced closures of open positions, occur.

然而，開發活動的減少可能會導致價格下降。目前，DOGE 複製其早期表現似乎具有挑戰性。此外，清算水準對加密貨幣價格的影響也不容忽視。這些水準表示發生重大交易事件（例如強制平倉未結頭寸）的價格點。

What Might Trigger a DOGE Price Drop?

什麼可能引發 DOGE 價格下跌？

At present, the liquidation level between $0.15 and $0.16 seems inadequate, posing a risk to DOGE's price. This lack of liquidity could lead to horizontal price movement and consolidation. In a worst-case scenario, the price might drop to $0.12.

目前，0.15 美元至 0.16 美元之間的清算水準似乎不足，對 DOGE 的價格構成風險。流動性缺乏可能導致價格橫向波動和整合。在最壞的情況下，價格可能會降至 0.12 美元。

Key Takeaways for Investors

投資者的主要收穫

• Monitor development activities as they can signal potential price trends.
• Pay attention to liquidation levels to anticipate significant price movements.
• Consider the CLLD values for insights on potential price pullbacks.

Another crucial metric is Dogecoin's Cumulative Liquidation Levels Delta (CLLD). A positive CLLD suggests longer liquidation events, while negative values indicate more short liquidations. Currently, DOGE's positive CLLD suggests a potential price pullback, possibly to $0.12.

監控開發活動，因為它們可以發出潛在的價格趨勢訊號。 CLLD 為正值表示清算事件較長，而負值表示清算事件較多。目前，DOGE 的 CLLD 為正值，表示價格可能回落，可能回落至 0.12 美元。

The post first appeared on BH NEWS: Development Activities Boost Dogecoin Price

該貼文首次出現在 BH NEWS：開發活動推高狗狗幣價格