SHIB Volatility Analysis for CPI, 11th September 2024

Data Analysis

The data released by Bureau of Labor Statistics for Consumer Price Index on 11th September, 2024 has come in at a decrease to 0.1% for August 2024. Compared to the previous release for July 2024 at 0.1%, 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 148.355B SHIB with prices swinging between 0.000013 and 0.000013, representing a swing of 1.13%. Subsequently, the trading volume increased significantly by 259% to 532.645B SHIB. Price action ranged from a low of 0.000013 to a high of 0.000013, a significant difference of 3.72%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 8.408B SHIB in trading volume was observed prior to the data release. Prices ranged between a low of 0.000013 to a high of 0.000013, a 0.38% change. Immediately following, trading volume increased significantly by 560% to 55.46B SHIB. At this time, Shiba Inu hit a low of 0.000013 with a high of 0.000013, a significant change of 0.90%.

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

0.000013

24h Change

-0.00000013 (-0.98%)

24h High

0.000014

24h Low

0.000013

24h Volume

1.401T SHIB

US Consumer Price Index

Bureau of Labor Statistics

11th September, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.00001326	0.00001328	0.00001325	0.00001328	0.15%	0.23%	830.306M SHIB
During	0.00001328	0.00001329	0.00001319	0.00001323	-0.38%	0.75%	25.628B SHIB

5 Minutes
Before	0.00001325	0.00001328	0.00001324	0.00001328	0.23%	0.30%	4.775B SHIB
During	0.00001328	0.00001331	0.00001319	0.00001324	-0.30%	0.90%	38.806B SHIB

10 Minutes
Before	0.00001328	0.00001329	0.00001324	0.00001328	0.00%	0.38%	6.757B SHIB
During	0.00001328	0.00001331	0.00001319	0.00001326	-0.15%	0.90%	47.115B SHIB

15 Minutes
Before	0.00001327	0.00001329	0.00001324	0.00001328	0.08%	0.38%	8.408B SHIB
During	0.00001328	0.00001331	0.00001319	0.00001322	-0.45%	0.90%	55.46B SHIB

30 Minutes
Before	0.00001326	0.00001329	0.00001323	0.00001328	0.15%	0.45%	22.198B SHIB
During	0.00001328	0.00001331	0.00001318	0.00001328	0.00%	0.98%	76.853B SHIB

1 Hour
Before	0.00001325	0.0000133	0.00001323	0.00001328	0.23%	0.53%	36.37B SHIB
During	0.00001328	0.00001343	0.00001318	0.0000133	0.15%	1.86%	130.121B SHIB

2 Hours
Before	0.0000132	0.0000133	0.00001315	0.00001328	0.60%	1.13%	71.908B SHIB
During	0.00001328	0.00001343	0.00001298	0.00001305	-1.76%	3.35%	351.789B SHIB

4 Hours
Before	0.00001326	0.0000133	0.00001315	0.00001328	0.15%	1.13%	148.355B SHIB
During	0.00001328	0.00001343	0.00001293	0.00001323	-0.38%	3.72%	532.645B SHIB

6 Hours
Before	0.00001322	0.0000133	0.00001315	0.00001328	0.45%	1.13%	200.354B SHIB
During	0.00001328	0.00001343	0.00001293	0.00001336	0.60%	3.72%	691.909B SHIB

8 Hours
Before	0.00001345	0.00001351	0.00001312	0.00001326	-1.43%	2.89%	386.382B SHIB
During	0.00001326	0.00001343	0.00001293	0.00001323	-0.23%	3.72%	681.001B SHIB

12 Hours
Before	0.00001345	0.00001351	0.00001312	0.00001328	-1.28%	2.89%	534.737B SHIB
During	0.00001328	0.00001343	0.00001293	0.00001332	0.30%	3.72%	866.698B SHIB