DOGE Volatility Analysis for CPI, 12th May 2021

Data Analysis

The data released by Bureau of Labor Statistics for Consumer Price Index on 12th May, 2021 has come in at an increase to 0.8% for April 2021. Compared to the previous release for March 2021 at 0.7%, we can see that prices & inflation is increasing month over month.

To see the impact and volatility of DOGE's price during the CPI release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.

4-Hours Chart Analysis

In the period prior to the release, the trading volume was 591.591M DOGE with prices swinging between 0.488600 and 0.508920, representing a swing of 3.99%. Subsequently, the trading volume increased by 36% to 805.784M DOGE. Price action ranged from a low of 0.453650 to a high of 0.497480, a significant difference of 8.81%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 26.291M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.494100 to a high of 0.496640, a 0.51% change. Immediately following, trading volume increased by 10% to 29.012M DOGE. At this time, Dogecoin hit a low of 0.492370 with a high of 0.495980, a change of 0.73%.

About Consumer Price Index

The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. The CPI is one of the most popular measures of inflation and deflation. The index is published monthly by the U.S. Bureau of Labor Statistics (BLS).

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.

DOGE-USDT

Dogecoin

Open

0.490110

0.414660

24h Change

-0.07545 (-18.20%)

24h High

0.522000

24h Low

0.351600

24h Volume

6.103B DOGE

US Consumer Price Index

Bureau of Labor Statistics

12th May, 2021, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.49572	0.49664	0.49572	0.49591	0.04%	0.19%	2.125M DOGE
During	0.49591	0.49598	0.49454	0.49454	-0.28%	0.29%	1.952M DOGE

5 Minutes
Before	0.49478	0.49664	0.4941	0.49591	0.23%	0.51%	7.916M DOGE
During	0.49591	0.49598	0.49237	0.49336	-0.52%	0.73%	11.395M DOGE

10 Minutes
Before	0.49587	0.49664	0.4941	0.49591	0.01%	0.51%	17.734M DOGE
During	0.49591	0.49598	0.49237	0.49467	-0.25%	0.73%	20.056M DOGE

15 Minutes
Before	0.496	0.49664	0.4941	0.49591	-0.02%	0.51%	26.291M DOGE
During	0.49591	0.49598	0.49237	0.49429	-0.33%	0.73%	29.012M DOGE

30 Minutes
Before	0.4985	0.4985	0.4941	0.49591	-0.52%	0.88%	48.883M DOGE
During	0.49591	0.49748	0.4918	0.49318	-0.55%	1.14%	51.118M DOGE

1 Hour
Before	0.49464	0.50056	0.49114	0.49591	0.26%	1.88%	104.547M DOGE
During	0.49591	0.49748	0.48376	0.48738	-1.75%	2.76%	135.475M DOGE

2 Hours
Before	0.49524	0.50056	0.4886	0.49591	0.14%	2.39%	245.331M DOGE
During	0.49591	0.49748	0.48376	0.48993	-1.22%	2.76%	256.58M DOGE

4 Hours
Before	0.50503	0.50892	0.4886	0.49591	-1.84%	3.99%	591.591M DOGE
During	0.49591	0.49748	0.45365	0.46291	-7.13%	8.81%	805.784M DOGE

6 Hours
Before	0.49798	0.522	0.4886	0.49591	-0.42%	6.40%	1.126B DOGE
During	0.49591	0.49748	0.445	0.45281	-9.52%	10.55%	1.316B DOGE

8 Hours
Before	0.49011	0.522	0.48937	0.50503	2.95%	6.25%	1.297B DOGE
During	0.50503	0.50892	0.45365	0.46291	-9.10%	10.86%	1.397B DOGE

12 Hours
Before	0.49011	0.522	0.4886	0.49591	1.17%	6.40%	1.888B DOGE
During	0.49591	0.49748	0.3516	0.41466	-19.59%	29.32%	4.215B DOGE