Development Activities Boost Dogecoin Price

开发活动推高狗狗币价格

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.

最近的观察表明，开发活动显着影响狗狗币（DOGE）的价格。与之前的看法相反，一些指标表明开发工作与 DOGE 价格波动之间存在很强的相关性。尽管自 4 月 24 日以来活动稳定，DOGE 的价格一直在 0.13 美元至 0.16 美元之间盘整。

How Do Development Activities Affect DOGE?

开发活动如何影响 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.

开发活动是指项目网络工作人员所做的贡献和进展。从历史上看，开发活动的增加与 DOGE 价格的上涨同时发生。例如，从 2 月到 3 月，该指标从 0.39 增加到 16.24，DOGE 的价格从 0.08 美元飙升到 0.14 美元。 2023 年 10 月至 11 月期间也出现了类似的趋势。

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，开发活动的减少可能会导致价格下降。目前，DOGE 复制其早期表现似乎具有挑战性。此外，清算水平对加密货币价格的影响也不容忽视。这些水平表示发生重大交易事件（例如强制平仓未结头寸）的价格点。

What Might Trigger a DOGE Price Drop?

什么可能引发 DOGE 价格下跌？

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 美元之间的清算水平似乎不足，对 DOGE 的价格构成风险。流动性缺乏可能导致价格横向波动和整合。在最坏的情况下，价格可能会降至 0.12 美元。

Key Takeaways for Investors

投资者的主要收获

• 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.

监控开发活动，因为它们可以发出潜在的价格趋势信号。注意清算水平以预测重大价格变动。考虑 CLLD 值以了解潜在的价格回调。另一个关键指标是狗狗币的累积清算水平 Delta (CLLD)。 CLLD 为正值表明清算事件较长，而负值表明清算事件较多。目前，DOGE 的 CLLD 为正值，表明价格可能回落，可能回落至 0.12 美元。

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

该帖子首次出现在 BH NEWS：开发活动推高狗狗币价格