DOGE Volatility Analysis for CPI, 11th July 2024

Data Analysis

The data released by Bureau of Labor Statistics for Consumer Price Index on 11th July, 2024 has come in at a decrease to 0.0% for June 2024. Compared to the previous release for May 2024 at 0.2%, 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 66.54M DOGE with prices swinging between 0.108550 and 0.110270, representing a swing of 1.56%. Subsequently, the trading volume increased significantly by 232% to 220.701M DOGE. Price action ranged from a low of 0.106450 to a high of 0.112470, a significant difference of 5.35%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 12.115M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.109390 to a high of 0.110270, a 0.80% change. Immediately following, trading volume increased significantly by 381% to 58.241M DOGE. At this time, Dogecoin hit a low of 0.109960 with a high of 0.112470, a significant change of 2.23%.

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

0.107560

0.107100

24h Change

-0.00046 (-0.43%)

24h High

0.112470

24h Low

0.106150

24h Volume

558.067M DOGE

US Consumer Price Index

Bureau of Labor Statistics

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

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.1102	0.11027	0.10939	0.11003	-0.15%	0.80%	5.179M DOGE
During	0.11002	0.11165	0.10996	0.11148	1.31%	1.51%	18.5M DOGE

5 Minutes
Before	0.11002	0.11027	0.10939	0.11003	0.01%	0.80%	6.093M DOGE
During	0.11002	0.112	0.10996	0.11191	1.69%	1.82%	36.417M DOGE

10 Minutes
Before	0.10978	0.11027	0.10939	0.11003	0.23%	0.80%	6.984M DOGE
During	0.11002	0.11247	0.10996	0.11228	2.01%	2.23%	51.059M DOGE

15 Minutes
Before	0.10975	0.11027	0.10939	0.11003	0.25%	0.80%	12.115M DOGE
During	0.11002	0.11247	0.10996	0.1114	1.24%	2.23%	58.241M DOGE

30 Minutes
Before	0.10982	0.11027	0.10939	0.11003	0.19%	0.80%	16.097M DOGE
During	0.11002	0.11247	0.10996	0.11122	1.08%	2.23%	79.1M DOGE

1 Hour
Before	0.10941	0.11027	0.10934	0.11003	0.56%	0.84%	31.05M DOGE
During	0.11002	0.11247	0.10996	0.11064	0.56%	2.23%	102.055M DOGE

2 Hours
Before	0.10921	0.11027	0.1091	0.11003	0.75%	1.06%	39.842M DOGE
During	0.11002	0.11247	0.10877	0.10919	-0.76%	3.29%	149.648M DOGE

4 Hours
Before	0.1087	0.11027	0.10855	0.11003	1.21%	1.56%	66.54M DOGE
During	0.11002	0.11247	0.10645	0.10788	-1.98%	5.35%	220.701M DOGE

6 Hours
Before	0.10831	0.11027	0.1082	0.11003	1.56%	1.88%	95.412M DOGE
During	0.11002	0.11247	0.10645	0.10808	-1.79%	5.35%	258.069M DOGE

8 Hours
Before	0.10756	0.1092	0.10633	0.1087	1.05%	2.63%	135.962M DOGE
During	0.1087	0.11247	0.10645	0.10788	-0.76%	5.35%	287.24M DOGE

12 Hours
Before	0.10756	0.11027	0.10633	0.11003	2.24%	3.57%	202.502M DOGE
During	0.11002	0.11247	0.10615	0.1071	-2.73%	5.62%	355.565M DOGE