DOGE Volatility Analysis for CPI, 12th June 2024

Data Analysis

The data released by Bureau of Labor Statistics for Consumer Price Index on 12th June, 2024 has come in at a decrease to 0.2% for May 2024. Compared to the previous release for April 2024 at 0.4%, we can see that prices & inflation is still increasing but slowed 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 87.079M DOGE with prices swinging between 0.139140 and 0.141170, representing a swing of 1.44%. Subsequently, the trading volume increased significantly by 543% to 560.113M DOGE. Price action ranged from a low of 0.140120 to a high of 0.150130, a significant difference of 6.67%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 7.223M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.139480 to a high of 0.140120, a 0.46% change. Immediately following, trading volume remain relatively similar at 101.842M DOGE. At this time, Dogecoin hit a low of 0.140120 with a high of 0.144180, a significant change of 2.82%.

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.

DOGE-USDT

Dogecoin

Open

0.137440

0.146050

24h Change

0.00861 (5.90%)

24h High

0.150960

24h Low

0.134580

24h Volume

1.327B DOGE

US Consumer Price Index

Bureau of Labor Statistics

12th June, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.13969	0.14012	0.13965	0.14012	0.31%	0.34%	1.205M DOGE
During	0.14012	0.1424	0.14012	0.14238	1.59%	1.60%	19.339M DOGE

5 Minutes
Before	0.13983	0.14012	0.13965	0.14012	0.21%	0.34%	4.472M DOGE
During	0.14012	0.14365	0.14012	0.14356	2.40%	2.46%	53.378M DOGE

10 Minutes
Before	0.13966	0.14012	0.13964	0.14012	0.33%	0.34%	6.099M DOGE
During	0.14012	0.14382	0.14012	0.14337	2.27%	2.57%	82.453M DOGE

15 Minutes
Before	0.13952	0.14012	0.13948	0.14012	0.43%	0.46%	7.223M DOGE
During	0.14012	0.14418	0.14012	0.14377	2.54%	2.82%	101.842M DOGE

30 Minutes
Before	0.13923	0.14012	0.13914	0.14012	0.64%	0.70%	10.118M DOGE
During	0.14012	0.1448	0.14012	0.14456	3.07%	3.23%	128.587M DOGE

1 Hour
Before	0.14017	0.1403	0.13914	0.14012	-0.04%	0.83%	28.674M DOGE
During	0.14012	0.14576	0.14012	0.14453	3.05%	3.87%	190.892M DOGE

2 Hours
Before	0.14052	0.14074	0.13914	0.14012	-0.29%	1.14%	45.579M DOGE
During	0.14012	0.14964	0.14012	0.14861	5.71%	6.36%	346.364M DOGE

4 Hours
Before	0.13981	0.14117	0.13914	0.14012	0.22%	1.44%	87.079M DOGE
During	0.14012	0.15013	0.14012	0.1485	5.64%	6.67%	560.113M DOGE

6 Hours
Before	0.13945	0.14117	0.13914	0.14012	0.48%	1.44%	130.125M DOGE
During	0.14012	0.15096	0.14012	0.14957	6.32%	7.18%	757.915M DOGE

8 Hours
Before	0.13744	0.14034	0.13458	0.13978	1.67%	4.10%	203.945M DOGE
During	0.13981	0.15013	0.13914	0.1485	5.85%	7.32%	647.192M DOGE

12 Hours
Before	0.13744	0.14117	0.13458	0.14012	1.91%	4.67%	291.024M DOGE
During	0.14012	0.15096	0.14012	0.14605	4.06%	7.18%	1.036B DOGE