DOGE Volatility Analysis for CPI, 10th August 2022

Data Analysis

The data released by Bureau of Labor Statistics for Consumer Price Index on 10th August, 2022 has come in at a decrease to 0.0% for July 2022. Compared to the previous release for June 2022 at 1.4%, we can see that prices & inflation is still decreasing 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 72.097M DOGE with prices swinging between 0.068020 and 0.068950, representing a swing of 1.35%. Subsequently, the trading volume increased significantly by 396% to 357.263M DOGE. Price action ranged from a low of 0.068550 to a high of 0.071460, a significant difference of 4.07%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 10.144M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.068300 to a high of 0.068950, a 0.94% change. Immediately following, trading volume increased significantly by 921% to 103.582M DOGE. At this time, Dogecoin hit a low of 0.068550 with a high of 0.071000, a significant change of 3.45%.

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

0.068410

0.071540

24h Change

0.00313 (4.38%)

24h High

0.072100

24h Low

0.066490

24h Volume

871.628M DOGE

US Consumer Price Index

Bureau of Labor Statistics

10th August, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.06875	0.06875	0.06851	0.06855	-0.29%	0.35%	1.447M DOGE
During	0.06855	0.07	0.06855	0.06991	1.95%	2.07%	23.124M DOGE

5 Minutes
Before	0.06846	0.06886	0.06842	0.06855	0.13%	0.64%	4.409M DOGE
During	0.06855	0.071	0.06855	0.07009	2.20%	3.45%	60.469M DOGE

10 Minutes
Before	0.06866	0.06886	0.0683	0.06855	-0.16%	0.81%	6.86M DOGE
During	0.06855	0.071	0.06855	0.07059	2.89%	3.45%	83.074M DOGE

15 Minutes
Before	0.06889	0.06895	0.0683	0.06855	-0.50%	0.94%	10.144M DOGE
During	0.06855	0.071	0.06855	0.07056	2.85%	3.45%	103.582M DOGE

30 Minutes
Before	0.06865	0.06895	0.0683	0.06855	-0.15%	0.94%	15.63M DOGE
During	0.06855	0.07123	0.06855	0.07095	3.38%	3.76%	150.795M DOGE

1 Hour
Before	0.06872	0.06895	0.0683	0.06855	-0.25%	0.94%	25.577M DOGE
During	0.06855	0.07135	0.06855	0.07101	3.46%	3.92%	189.7M DOGE

2 Hours
Before	0.06827	0.06895	0.06802	0.06855	0.41%	1.35%	40.055M DOGE
During	0.06855	0.07135	0.06855	0.07096	3.40%	3.92%	259.383M DOGE

4 Hours
Before	0.06839	0.06895	0.06802	0.06855	0.23%	1.35%	72.097M DOGE
During	0.06855	0.07146	0.06855	0.07114	3.64%	4.07%	357.263M DOGE

6 Hours
Before	0.06775	0.06895	0.06762	0.06855	1.17%	1.93%	105.057M DOGE
During	0.06855	0.07146	0.06855	0.07031	2.50%	4.07%	422.241M DOGE

8 Hours
Before	0.06841	0.06841	0.06649	0.06838	-0.04%	2.81%	225.077M DOGE
During	0.06839	0.07146	0.06802	0.07114	3.87%	4.81%	429.36M DOGE

12 Hours
Before	0.06841	0.06895	0.06649	0.06855	0.20%	3.57%	297.174M DOGE
During	0.06855	0.0721	0.06855	0.07154	4.18%	4.92%	574.454M DOGE