Data Analysis
The data released by Bureau of Labor Statistics for Consumer Price Index on 10th April, 2024 has come in at a decrease to 0.6% for March 2024. Compared to the previous release for February 2024 at 0.6%, we can see that prices & inflation is increasing at the same rate 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 242.755M DOGE with prices swinging between 0.186020 and 0.190050, representing a swing of 2.12%. Subsequently, the trading volume increased significantly by 238% to 819.786M DOGE. Price action ranged from a low of 0.180060 to a high of 0.194400, a significant difference of 7.38%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 25.318M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.186800 to a high of 0.188600, a 0.95% change. Immediately following, trading volume increased significantly by 698% to 201.966M DOGE. At this time, Dogecoin hit a low of 0.180060 with a high of 0.188550, a significant change of 4.50%.
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
0.191330Close
0.19739024h Change
0.00606 (3.07%)24h High
0.20280024h Low
0.18006024h Volume
2.92B DOGEUS Consumer Price Index
Bureau of Labor Statistics
10th April, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.1871 | 0.1886 | 0.1868 | 0.18849 | 0.74% | 0.95% | 5.061M DOGE |
| During | 0.18849 | 0.18855 | 0.1863 | 0.18646 | -1.09% | 1.19% | 14.361M DOGE |
| 5 Minutes | |||||||
| Before | 0.18726 | 0.1886 | 0.1868 | 0.18849 | 0.65% | 0.95% | 14.229M DOGE |
| During | 0.18849 | 0.18855 | 0.18454 | 0.18493 | -1.93% | 2.13% | 53.002M DOGE |
| 10 Minutes | |||||||
| Before | 0.18752 | 0.1886 | 0.1868 | 0.18849 | 0.51% | 0.95% | 19.665M DOGE |
| During | 0.18849 | 0.18855 | 0.18011 | 0.18041 | -4.48% | 4.48% | 135.368M DOGE |
| 15 Minutes | |||||||
| Before | 0.18817 | 0.1886 | 0.1868 | 0.18849 | 0.17% | 0.95% | 25.318M DOGE |
| During | 0.18849 | 0.18855 | 0.18006 | 0.18223 | -3.44% | 4.50% | 201.966M DOGE |
| 30 Minutes | |||||||
| Before | 0.18859 | 0.1892 | 0.1868 | 0.18849 | -0.05% | 1.27% | 45.137M DOGE |
| During | 0.18849 | 0.18855 | 0.18006 | 0.18365 | -2.64% | 4.50% | 252.193M DOGE |
| 1 Hour | |||||||
| Before | 0.18847 | 0.1892 | 0.1868 | 0.18849 | 0.01% | 1.27% | 64.64M DOGE |
| During | 0.18849 | 0.18855 | 0.18006 | 0.18295 | -3.03% | 4.50% | 305.445M DOGE |
| 2 Hours | |||||||
| Before | 0.187 | 0.1892 | 0.18605 | 0.18849 | 0.79% | 1.66% | 127.35M DOGE |
| During | 0.18849 | 0.19175 | 0.18006 | 0.18944 | 0.50% | 6.10% | 443.915M DOGE |
| 4 Hours | |||||||
| Before | 0.18885 | 0.19005 | 0.18602 | 0.18849 | -0.19% | 2.12% | 242.755M DOGE |
| During | 0.18849 | 0.1944 | 0.18006 | 0.19252 | 2.09% | 7.38% | 819.786M DOGE |
| 6 Hours | |||||||
| Before | 0.19149 | 0.19158 | 0.18602 | 0.18849 | -1.59% | 2.90% | 356.231M DOGE |
| During | 0.18849 | 0.19819 | 0.18006 | 0.19212 | 1.89% | 9.15% | 1.217B DOGE |
| 8 Hours | |||||||
| Before | 0.19133 | 0.19174 | 0.18459 | 0.18885 | -1.31% | 3.73% | 626.598M DOGE |
| During | 0.18885 | 0.1944 | 0.18006 | 0.19252 | 1.91% | 7.38% | 1.063B DOGE |
| 12 Hours | |||||||
| Before | 0.19133 | 0.19174 | 0.18459 | 0.18849 | -1.51% | 3.73% | 869.353M DOGE |
| During | 0.18849 | 0.2028 | 0.18006 | 0.19739 | 4.51% | 11.21% | 2.051B DOGE |
