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 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 440.997B SHIB with prices swinging between 0.000022 and 0.000022, representing a swing of 2.20%. Subsequently, the trading volume increased significantly by 498% to 2.638T SHIB. Price action ranged from a low of 0.000022 to a high of 0.000023, a significant difference of 5.34%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 35.7B SHIB in trading volume was observed prior to the data release. Prices ranged between a low of 0.000022 to a high of 0.000022, a 0.64% change. Immediately following, trading volume remain relatively similar at 433.824B SHIB. At this time, Shiba Inu hit a low of 0.000022 with a high of 0.000023, a significant change of 2.65%.
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
0.000021Close
0.00002224h Change
0.00000063 (2.85%)24h High
0.00002324h Low
0.00002124h Volume
6.059T SHIBUS 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 | 0.00002191 | 0.00002199 | 0.0000219 | 0.00002199 | 0.36% | 0.41% | 4.466B SHIB |
| During | 0.000022 | 0.00002243 | 0.000022 | 0.00002243 | 1.92% | 1.92% | 72.999B SHIB |
| 5 Minutes | |||||||
| Before | 0.00002196 | 0.00002199 | 0.0000219 | 0.00002199 | 0.14% | 0.41% | 8.432B SHIB |
| During | 0.000022 | 0.0000226 | 0.000022 | 0.00002259 | 2.61% | 2.65% | 252.78B SHIB |
| 10 Minutes | |||||||
| Before | 0.00002189 | 0.00002199 | 0.00002189 | 0.00002199 | 0.45% | 0.45% | 17.499B SHIB |
| During | 0.000022 | 0.0000226 | 0.000022 | 0.00002247 | 2.09% | 2.65% | 334.922B SHIB |
| 15 Minutes | |||||||
| Before | 0.00002188 | 0.00002199 | 0.00002185 | 0.00002199 | 0.50% | 0.64% | 35.7B SHIB |
| During | 0.000022 | 0.0000226 | 0.000022 | 0.00002245 | 2.00% | 2.65% | 433.824B SHIB |
| 30 Minutes | |||||||
| Before | 0.00002184 | 0.00002199 | 0.00002181 | 0.00002199 | 0.68% | 0.82% | 61.349B SHIB |
| During | 0.000022 | 0.0000226 | 0.000022 | 0.00002236 | 1.61% | 2.65% | 675.087B SHIB |
| 1 Hour | |||||||
| Before | 0.00002192 | 0.00002199 | 0.00002178 | 0.00002199 | 0.32% | 0.95% | 153.575B SHIB |
| During | 0.000022 | 0.00002274 | 0.000022 | 0.00002232 | 1.43% | 3.25% | 1.143T SHIB |
| 2 Hours | |||||||
| Before | 0.00002207 | 0.00002217 | 0.00002178 | 0.00002199 | -0.36% | 1.76% | 263.196B SHIB |
| During | 0.000022 | 0.00002324 | 0.000022 | 0.00002304 | 4.51% | 5.34% | 1.843T SHIB |
| 4 Hours | |||||||
| Before | 0.00002212 | 0.00002227 | 0.00002178 | 0.00002199 | -0.59% | 2.20% | 440.997B SHIB |
| During | 0.000022 | 0.00002324 | 0.000022 | 0.00002291 | 3.97% | 5.34% | 2.638T SHIB |
| 6 Hours | |||||||
| Before | 0.00002208 | 0.00002227 | 0.00002178 | 0.00002199 | -0.41% | 2.20% | 632.166B SHIB |
| During | 0.000022 | 0.00002324 | 0.000022 | 0.00002268 | 3.00% | 5.34% | 3.374T SHIB |
| 8 Hours | |||||||
| Before | 0.00002146 | 0.00002225 | 0.00002112 | 0.00002212 | 2.98% | 5.08% | 986.504B SHIB |
| During | 0.00002212 | 0.00002324 | 0.00002178 | 0.00002291 | 3.45% | 6.28% | 3.079T SHIB |
| 12 Hours | |||||||
| Before | 0.00002146 | 0.00002227 | 0.00002112 | 0.00002199 | 2.41% | 5.16% | 1.428T SHIB |
| During | 0.000022 | 0.00002324 | 0.0000219 | 0.00002209 | 0.41% | 5.77% | 4.631T SHIB |
