DOGE Volatility Analysis for CPI, 11th December 2024

Data Analysis

The data released by Bureau of Labor Statistics for Consumer Price Index on 11th December, 2024 has come in at a decrease to -0.1% for November 2024. Compared to the previous release for October 2024 at 0.1%, 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 492.512M DOGE with prices swinging between 0.393660 and 0.405660, representing a swing of 2.96%. Subsequently, the trading volume increased considerably by 74% to 858.695M DOGE. Price action ranged from a low of 0.401520 to a high of 0.419090, a difference of 4.19%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 26.957M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.400460 to a high of 0.402810, a 0.58% change. Immediately following, trading volume increased significantly by 277% to 101.502M DOGE. At this time, Dogecoin hit a low of 0.402450 with a high of 0.409590, a significant change of 1.74%.

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

0.376780

0.411310

24h Change

0.03453 (8.40%)

24h High

0.419090

24h Low

0.375100

24h Volume

2.884B DOGE

US Consumer Price Index

Bureau of Labor Statistics

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

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.40159	0.40252	0.40153	0.40252	0.23%	0.25%	815,380 DOGE
During	0.40251	0.409	0.40245	0.40848	1.46%	1.60%	24.574M DOGE

5 Minutes
Before	0.40236	0.40252	0.40118	0.40252	0.04%	0.33%	5.324M DOGE
During	0.40251	0.409	0.40245	0.40745	1.21%	1.60%	55.45M DOGE

10 Minutes
Before	0.40171	0.40281	0.40046	0.40252	0.20%	0.58%	13.845M DOGE
During	0.40251	0.40959	0.40245	0.40684	1.06%	1.74%	76.255M DOGE

15 Minutes
Before	0.40266	0.40281	0.40046	0.40252	-0.03%	0.58%	26.957M DOGE
During	0.40251	0.40959	0.40245	0.40681	1.06%	1.74%	101.502M DOGE

30 Minutes
Before	0.4032	0.40441	0.40046	0.40252	-0.17%	0.98%	42.76M DOGE
During	0.40251	0.40959	0.40245	0.40627	0.93%	1.74%	145.659M DOGE

1 Hour
Before	0.40366	0.40566	0.40046	0.40252	-0.28%	1.28%	96.957M DOGE
During	0.40251	0.40959	0.40152	0.40386	0.33%	1.97%	209.234M DOGE

2 Hours
Before	0.40496	0.40566	0.40046	0.40252	-0.61%	1.28%	218.367M DOGE
During	0.40251	0.41909	0.40152	0.41727	3.54%	4.19%	441.385M DOGE

4 Hours
Before	0.3946	0.40566	0.39366	0.40252	1.97%	2.96%	492.512M DOGE
During	0.40251	0.41909	0.40152	0.41167	2.23%	4.19%	858.695M DOGE

6 Hours
Before	0.3917	0.40566	0.38629	0.40252	2.69%	4.77%	745.875M DOGE
During	0.40251	0.41909	0.40152	0.41364	2.69%	4.19%	1.084B DOGE

8 Hours
Before	0.37678	0.39941	0.3751	0.39461	4.52%	6.09%	890.11M DOGE
During	0.3946	0.41909	0.39366	0.41167	4.15%	6.07%	1.351B DOGE

12 Hours
Before	0.37678	0.40566	0.3751	0.40252	6.39%	7.53%	1.383B DOGE
During	0.40251	0.41909	0.40152	0.41131	2.14%	4.19%	1.501B DOGE