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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/development-activities-boost-dogecoin-price" rel="noopener noreferrer nofollow">Development Activities Boost Dogecoin Price</a><br></p>
<p style="text-align: justify">Recent observations indicate that development activities significantly impact Dogecoin’s (<a href="https://en.bitcoinhaber.net/whale-transactions-indicate-volatility-and-concern-in-dogecoin-market" rel="noopener noreferrer nofollow">DOGE</a>) 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.</p>
<h2 id="how-do-development-activities-affect-doge">How Do Development Activities Affect DOGE?</h2>
<p style="text-align: justify">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.</p>
<p style="text-align: justify">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 <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank">prices</a> cannot be ignored. These levels signify the price points where significant trading events, such as forced closures of open positions, occur.</p>
<h2 id="what-might-trigger-a-doge-price-drop">What Might Trigger a DOGE Price Drop?</h2>
<p style="text-align: justify">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.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>Monitor development activities as they can signal potential price trends.</li>
 <li>Pay attention to liquidation levels to anticipate significant price movements.</li>
 <li>Consider the CLLD values for insights on potential price pullbacks.</li>
</ul>
<p style="text-align: justify">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.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/development-activities-boost-dogecoin-price" rel="noopener noreferrer nofollow">Development Activities Boost Dogecoin Price</a></h5>

Development Activities Boost Dogecoin Price

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