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 SHIB'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 527.457B SHIB with prices swinging between 0.000027 and 0.000028, representing a swing of 2.05%. Subsequently, the trading volume increased significantly by 205% to 1.609T SHIB. Price action ranged from a low of 0.000026 to a high of 0.000028, a significant difference of 5.44%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 70.307B SHIB in trading volume was observed prior to the data release. Prices ranged between a low of 0.000027 to a high of 0.000027, a 1.02% change. Immediately following, trading volume increased significantly by 567% to 469.137B SHIB. At this time, Shiba Inu hit a low of 0.000026 with a high of 0.000027, a significant change of 3.82%.
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.
SHIB-USDT
Shiba Inu
Open
0.000028Close
0.00002824h Change
0.00000024 (0.86%)24h High
0.00002824h Low
0.00002624h Volume
5.291T SHIBUS 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 | 0.00002724 | 0.00002749 | 0.00002723 | 0.00002746 | 0.80% | 0.95% | 19.387B SHIB |
| During | 0.00002746 | 0.00002746 | 0.00002713 | 0.00002715 | -1.14% | 1.20% | 48.393B SHIB |
| 5 Minutes | |||||||
| Before | 0.00002727 | 0.00002749 | 0.00002721 | 0.00002746 | 0.69% | 1.02% | 33.097B SHIB |
| During | 0.00002746 | 0.00002746 | 0.00002694 | 0.00002701 | -1.67% | 1.89% | 181.9B SHIB |
| 10 Minutes | |||||||
| Before | 0.00002731 | 0.00002749 | 0.00002721 | 0.00002746 | 0.55% | 1.02% | 50.805B SHIB |
| During | 0.00002746 | 0.00002746 | 0.00002648 | 0.00002648 | -3.70% | 3.57% | 354.713B SHIB |
| 15 Minutes | |||||||
| Before | 0.00002737 | 0.00002749 | 0.00002721 | 0.00002746 | 0.33% | 1.02% | 70.307B SHIB |
| During | 0.00002746 | 0.00002746 | 0.00002641 | 0.00002678 | -2.54% | 3.82% | 469.137B SHIB |
| 30 Minutes | |||||||
| Before | 0.00002746 | 0.00002755 | 0.00002721 | 0.00002746 | 0.00% | 1.23% | 110.028B SHIB |
| During | 0.00002746 | 0.00002746 | 0.00002641 | 0.00002698 | -1.78% | 3.82% | 586.503B SHIB |
| 1 Hour | |||||||
| Before | 0.00002754 | 0.00002758 | 0.00002721 | 0.00002746 | -0.29% | 1.34% | 156.938B SHIB |
| During | 0.00002746 | 0.00002746 | 0.00002641 | 0.00002684 | -2.31% | 3.82% | 751.468B SHIB |
| 2 Hours | |||||||
| Before | 0.00002737 | 0.00002764 | 0.00002721 | 0.00002746 | 0.33% | 1.56% | 323.995B SHIB |
| During | 0.00002746 | 0.0000275 | 0.00002641 | 0.0000273 | -0.59% | 3.96% | 1.036T SHIB |
| 4 Hours | |||||||
| Before | 0.00002753 | 0.00002778 | 0.00002721 | 0.00002746 | -0.25% | 2.05% | 527.457B SHIB |
| During | 0.00002746 | 0.00002793 | 0.00002641 | 0.00002767 | 0.76% | 5.44% | 1.609T SHIB |
| 6 Hours | |||||||
| Before | 0.00002768 | 0.00002797 | 0.00002721 | 0.00002746 | -0.80% | 2.72% | 846.689B SHIB |
| During | 0.00002746 | 0.00002812 | 0.00002641 | 0.00002758 | 0.44% | 6.08% | 2.164T SHIB |
| 8 Hours | |||||||
| Before | 0.00002758 | 0.00002797 | 0.00002683 | 0.00002752 | -0.22% | 4.08% | 1.433T SHIB |
| During | 0.00002753 | 0.00002793 | 0.00002641 | 0.00002767 | 0.51% | 5.44% | 2.136T SHIB |
| 12 Hours | |||||||
| Before | 0.00002758 | 0.00002797 | 0.00002683 | 0.00002746 | -0.44% | 4.08% | 1.961T SHIB |
| During | 0.00002746 | 0.00002828 | 0.00002641 | 0.00002782 | 1.29% | 6.61% | 3.33T SHIB |
