SHIB Volatility Analysis for CPI, 10th October 2024

Data Analysis

The data released by Bureau of Labor Statistics for Consumer Price Index on 10th October, 2024 has come in at an increase to 0.2% for September 2024. Compared to the previous release for August 2024 at 0.1%, 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 278.53B SHIB with prices swinging between 0.000017 and 0.000017, representing a swing of 2.27%. Subsequently, the trading volume increased significantly by 190% to 807.89B SHIB. Price action ranged from a low of 0.000017 to a high of 0.000017, a significant difference of 4.07%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 24.701B SHIB in trading volume was observed prior to the data release. Prices ranged between a low of 0.000017 to a high of 0.000017, a 0.58% change. Immediately following, trading volume increased significantly by 387% to 120.302B SHIB. At this time, Shiba Inu hit a low of 0.000017 with a high of 0.000017, a significant change of 1.69%.

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

0.000017

24h Change

-0.00000009 (-0.54%)

24h High

0.000017

24h Low

0.000016

24h Volume

2.719T SHIB

US Consumer Price Index

Bureau of Labor Statistics

10th October, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.00001718	0.00001719	0.00001717	0.00001718	0.00%	0.12%	1.664B SHIB
During	0.00001718	0.0000172	0.00001703	0.00001708	-0.59%	0.99%	44.777B SHIB

5 Minutes
Before	0.00001714	0.00001719	0.00001712	0.00001718	0.23%	0.41%	4.226B SHIB
During	0.00001718	0.0000172	0.000017	0.00001707	-0.64%	1.16%	73.535B SHIB

10 Minutes
Before	0.00001711	0.00001719	0.00001709	0.00001718	0.41%	0.58%	21.054B SHIB
During	0.00001718	0.0000172	0.00001698	0.00001699	-1.12%	1.28%	98.885B SHIB

15 Minutes
Before	0.00001716	0.00001719	0.00001709	0.00001718	0.12%	0.58%	24.701B SHIB
During	0.00001718	0.0000172	0.00001691	0.00001702	-0.94%	1.69%	120.302B SHIB

30 Minutes
Before	0.00001718	0.0000172	0.00001709	0.00001718	0.00%	0.64%	38.07B SHIB
During	0.00001718	0.0000172	0.00001691	0.00001696	-1.30%	1.69%	154.165B SHIB

1 Hour
Before	0.00001713	0.0000172	0.00001709	0.00001718	0.29%	0.64%	78.947B SHIB
During	0.00001718	0.0000172	0.00001682	0.000017	-1.06%	2.21%	259.48B SHIB

2 Hours
Before	0.00001709	0.0000172	0.00001706	0.00001718	0.52%	0.81%	131.644B SHIB
During	0.00001718	0.0000172	0.00001651	0.00001653	-3.93%	4.01%	567.672B SHIB

4 Hours
Before	0.00001713	0.0000172	0.00001681	0.00001718	0.29%	2.27%	278.53B SHIB
During	0.00001718	0.0000172	0.0000165	0.00001659	-3.56%	4.07%	807.89B SHIB

6 Hours
Before	0.00001711	0.0000172	0.00001681	0.00001718	0.41%	2.27%	352.358B SHIB
During	0.00001718	0.0000172	0.00001611	0.00001618	-6.18%	6.34%	1.288T SHIB

8 Hours
Before	0.00001683	0.00001723	0.00001681	0.00001714	1.81%	2.44%	427.724B SHIB
During	0.00001713	0.0000172	0.0000165	0.00001659	-3.25%	4.07%	1.086T SHIB

12 Hours
Before	0.00001683	0.00001723	0.00001681	0.00001718	2.04%	2.44%	706.253B SHIB
During	0.00001718	0.0000172	0.00001605	0.00001674	-2.63%	6.69%	2.012T SHIB