Development Activities Influence Dogecoin Price

開發活動影響狗狗幣價格

Development activities were initially not considered a significant factor in Dogecoin's (DOGE) price fluctuations. However, recent metrics suggest this assumption may not hold true.

開發活動最初並不被認為是狗狗幣（DOGE）價格波動的重要因素。然而，最近的指標表明這一假設可能並不成立。

At the time of writing, development activities on the DOGE network remained stable, unchanged since April 24. Notably, during this period, DOGE's price has consolidated between $0.13 and $0.16.

截至撰寫本文時，DOGE 網路上的開發活動保持穩定，自 4 月 24 日以來沒有變化。

DOGE Development Activity

DOGE開發活動

Development activity measures the publicly visible contributions and progress made by individuals working on a project's network. Historically, a surge in development activity has often coincided with a price increase. For instance, from February to March 2023, development activity rose from 0.39 to 16.24, accompanied by a price increase from $0.08 to $0.14. A similar pattern emerged between October and November 2023.

開發活動衡量在專案網路上工作的個人所做出的公開可見的貢獻和進展。從歷史上看，開發活動的激增往往與價格上漲同時發生。例如，從 2023 年 2 月到 2023 年 3 月，開發活動從 0.39 上升到 16.24，價格從 0.08 美元上漲到 0.14 美元。 2023 年 10 月至 11 月期間出現了類似的模式。

Therefore, it is plausible to assume that an upswing in development activity may trigger a price rise, while a decline could lead to a price drop. However, repeating the performance of February and March 2023 may be challenging for DOGE.

因此，可以合理地假設，開發活動的增加可能會引發價格上漲，而開發活動的減少可能會導致價格下跌。然而，重複 2023 年 2 月和 3 月的表現對於 DOGE 來說可能具有挑戰性。

Liquidation Levels

清算水平

Liquidation levels indicate price zones where significant trading events may occur. When a trader's open position is forcibly closed due to unmet conditions, a liquidation event occurs.

清算水準表示可能發生重大交易事件的價格區域。當交易者的未平倉部位因未滿足條件而被強制平倉時，就會發生強平事件。

As of the time of writing, the liquidation level between $0.15 and $0.16 appeared insufficient, potentially putting DOGE's price at risk. This suggests a period of horizontal movement and consolidation for DOGE.

截至撰寫本文時，0.15 美元至 0.16 美元之間的清算水準似乎不足，可能使 DOGE 的價格面臨風險。這表明 DOGE 會經歷一段水平移動和盤整的時期。

However, in a pessimistic scenario, the price could drop to $0.12.

然而，在悲觀的情況下，價格可能會跌至 0.12 美元。

Cumulative Liquidation Levels Delta (CLLD)

累積清算水準Delta (CLLD)

DOGE's CLLD, which measures the duration of liquidation events, was positive at the time of writing. A positive CLLD indicates longer liquidation events, suggesting a potential price pullback. If this trend persists, DOGE's price could decline to $0.12.

DOGE 衡量清算事件持續時間的 CLLD 在撰寫本文時呈正值。 CLLD 為正值表示清算事件較長，表示價格可能回調。如果這種趨勢持續下去，DOGE 的價格可能會跌至 0.12 美元。

The original article appeared on COINTURK NEWS: Development Activities Influence Dogecoin Price

原文發表於 COINTURK NEWS：開發活動影響狗狗幣價格