DOGE Volatility Analysis for CPI, 11th September 2020

Data Analysis

The data released by Bureau of Labor Statistics for Consumer Price Index on 11th September, 2020 has come in at a decrease to 0.3% for August 2020. Compared to the previous release for July 2020 at 0.5%, 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 99.273M DOGE with prices swinging between 0.002755 and 0.002783, representing a swing of 1.00%. Subsequently, the trading volume decreased by 13% to 86.747M DOGE. Price action ranged from a low of 0.002756 to a high of 0.002811, a significant difference of 1.93%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 3.703M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.002764 to a high of 0.002773, a 0.32% change. Immediately following, trading volume increased by 14% to 4.238M DOGE. At this time, Dogecoin hit a low of 0.002756 with a high of 0.002772, a significant change of 0.56%.

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

0.002813

0.002777

24h Change

-0.0000356 (-1.28%)

24h High

0.002813

24h Low

0.002736

24h Volume

635.517M DOGE

US Consumer Price Index

Bureau of Labor Statistics

11th September, 2020, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.0027639	0.0027665	0.0027639	0.0027665	0.09%	0.09%	59,851 DOGE
During	0.0027635	0.0027666	0.0027635	0.0027666	0.11%	0.11%	152,422 DOGE

5 Minutes
Before	0.0027657	0.0027716	0.0027639	0.0027665	0.03%	0.28%	781,852 DOGE
During	0.0027635	0.0027666	0.0027564	0.0027643	0.03%	0.37%	2.014M DOGE

10 Minutes
Before	0.0027709	0.0027721	0.0027639	0.0027665	-0.16%	0.30%	2.076M DOGE
During	0.0027635	0.0027718	0.0027564	0.0027673	0.14%	0.56%	3.211M DOGE

15 Minutes
Before	0.0027701	0.0027727	0.0027639	0.0027665	-0.13%	0.32%	3.703M DOGE
During	0.0027635	0.0027718	0.0027564	0.0027651	0.06%	0.56%	4.238M DOGE

30 Minutes
Before	0.0027637	0.0027727	0.002762	0.0027665	0.10%	0.39%	7.944M DOGE
During	0.0027635	0.002775	0.0027564	0.0027722	0.31%	0.67%	7.878M DOGE

1 Hour
Before	0.0027711	0.0027748	0.0027549	0.0027665	-0.17%	0.72%	26.509M DOGE
During	0.0027635	0.0027777	0.0027564	0.0027719	0.30%	0.77%	12.936M DOGE

2 Hours
Before	0.0027769	0.0027796	0.0027549	0.0027665	-0.38%	0.89%	45.729M DOGE
During	0.0027635	0.0027849	0.0027564	0.0027716	0.29%	1.02%	39.423M DOGE

4 Hours
Before	0.0027619	0.0027827	0.0027549	0.0027665	0.17%	1.00%	99.273M DOGE
During	0.0027635	0.0028106	0.0027564	0.0028073	1.56%	1.93%	86.747M DOGE

6 Hours
Before	0.0027777	0.0027937	0.0027516	0.0027665	-0.40%	1.51%	177.511M DOGE
During	0.0027635	0.0028106	0.0027564	0.0027774	0.50%	1.93%	136.368M DOGE

8 Hours
Before	0.0028129	0.0028129	0.0027364	0.002763	-1.81%	2.72%	292.081M DOGE
During	0.0027619	0.0028106	0.0027549	0.0028073	1.62%	1.98%	186.02M DOGE

12 Hours
Before	0.0028129	0.0028129	0.0027364	0.0027665	-1.68%	2.72%	391.354M DOGE
During	0.0027635	0.0028106	0.0027564	0.0027773	0.50%	1.93%	244.163M DOGE