Data Analysis
The data released by Bureau of Labor Statistics for Consumer Price Index on 12th March, 2024 has come in at an increase to 0.6% for February 2024. Compared to the previous release for January 2024 at 0.5%, we can see that prices & inflation is increasing 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 1.603T SHIB with prices swinging between 0.000032 and 0.000033, representing a swing of 3.12%. Subsequently, the trading volume increased considerably by 55% to 2.489T SHIB. Price action ranged from a low of 0.000031 to a high of 0.000033, a difference of 4.32%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 152.49B SHIB in trading volume was observed prior to the data release. Prices ranged between a low of 0.000032 to a high of 0.000032, a 1.11% change. Immediately following, trading volume increased considerably by 66% to 252.704B SHIB. At this time, Shiba Inu hit a low of 0.000032 with a high of 0.000033, a significant change of 2.44%.
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
0.000034Close
0.00003224h Change
-0.00000179 (-5.59%)24h High
0.00003424h Low
0.00003024h Volume
13.178T SHIBUS Consumer Price Index
Bureau of Labor Statistics
12th March, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.00003219 | 0.00003224 | 0.00003215 | 0.00003222 | 0.09% | 0.28% | 10.673B SHIB |
| During | 0.00003222 | 0.00003256 | 0.00003205 | 0.0000325 | 0.86% | 1.57% | 29.276B SHIB |
| 5 Minutes | |||||||
| Before | 0.00003209 | 0.00003224 | 0.00003205 | 0.00003222 | 0.40% | 0.59% | 47.553B SHIB |
| During | 0.00003222 | 0.00003285 | 0.00003205 | 0.0000326 | 1.17% | 2.44% | 166.816B SHIB |
| 10 Minutes | |||||||
| Before | 0.00003225 | 0.00003236 | 0.00003205 | 0.00003222 | -0.09% | 0.96% | 84.532B SHIB |
| During | 0.00003222 | 0.00003285 | 0.00003205 | 0.00003263 | 1.26% | 2.44% | 216.253B SHIB |
| 15 Minutes | |||||||
| Before | 0.00003238 | 0.00003241 | 0.00003205 | 0.00003222 | -0.50% | 1.11% | 152.49B SHIB |
| During | 0.00003222 | 0.00003285 | 0.00003205 | 0.00003264 | 1.29% | 2.44% | 252.704B SHIB |
| 30 Minutes | |||||||
| Before | 0.00003256 | 0.00003267 | 0.00003205 | 0.00003222 | -1.06% | 1.90% | 301.936B SHIB |
| During | 0.00003222 | 0.00003285 | 0.00003205 | 0.00003267 | 1.38% | 2.44% | 352.55B SHIB |
| 1 Hour | |||||||
| Before | 0.00003277 | 0.00003292 | 0.00003205 | 0.00003222 | -1.71% | 2.64% | 456.552B SHIB |
| During | 0.00003222 | 0.00003285 | 0.00003205 | 0.00003271 | 1.50% | 2.44% | 493.239B SHIB |
| 2 Hours | |||||||
| Before | 0.00003263 | 0.00003303 | 0.00003205 | 0.00003222 | -1.27% | 2.97% | 745.529B SHIB |
| During | 0.00003222 | 0.00003285 | 0.00003193 | 0.00003221 | -0.03% | 2.80% | 1.285T SHIB |
| 4 Hours | |||||||
| Before | 0.000032 | 0.00003303 | 0.000032 | 0.00003222 | 0.68% | 3.12% | 1.603T SHIB |
| During | 0.00003222 | 0.00003285 | 0.00003143 | 0.0000317 | -1.64% | 4.32% | 2.489T SHIB |
| 6 Hours | |||||||
| Before | 0.00003244 | 0.00003303 | 0.00003181 | 0.00003222 | -0.68% | 3.69% | 2.817T SHIB |
| During | 0.00003222 | 0.00003285 | 0.00002999 | 0.0000316 | -1.96% | 8.71% | 5.637T SHIB |
| 8 Hours | |||||||
| Before | 0.00003379 | 0.0000342 | 0.00003181 | 0.00003201 | -5.56% | 6.99% | 3.621T SHIB |
| During | 0.000032 | 0.00003303 | 0.00003143 | 0.0000317 | -0.95% | 4.84% | 4.093T SHIB |
| 12 Hours | |||||||
| Before | 0.00003379 | 0.0000342 | 0.00003181 | 0.00003222 | -4.87% | 6.99% | 5.224T SHIB |
| During | 0.00003222 | 0.00003286 | 0.00002999 | 0.000032 | -0.69% | 8.73% | 7.954T SHIB |
