Data Analysis
The data released by Bureau of Labor Statistics for Consumer Price Index on 15th January, 2025 has come in at an increase to 0.0% for December 2024. Compared to the previous release for November 2024 at -0.1%, we can see that prices & inflation has stopped 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 297.281M DOGE with prices swinging between 0.348300 and 0.358070, representing a swing of 2.73%. Subsequently, the trading volume increased significantly by 163% to 781.002M DOGE. Price action ranged from a low of 0.354910 to a high of 0.378080, a significant difference of 6.13%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 18.873M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.352260 to a high of 0.356200, a 1.11% change. Immediately following, trading volume remain relatively similar at 211.527M DOGE. At this time, Dogecoin hit a low of 0.354910 with a high of 0.369930, a significant change of 4.06%.
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
0.357950Close
0.37723024h Change
0.01928 (5.11%)24h High
0.38777024h Low
0.34830024h Volume
2.099B DOGEUS Consumer Price Index
Bureau of Labor Statistics
15th January, 2025, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.35564 | 0.35605 | 0.35475 | 0.35493 | -0.20% | 0.37% | 2.089M DOGE |
| During | 0.35493 | 0.36518 | 0.35491 | 0.36353 | 2.37% | 2.81% | 30.029M DOGE |
| 5 Minutes | |||||||
| Before | 0.35507 | 0.3562 | 0.35475 | 0.35493 | -0.04% | 0.41% | 8.456M DOGE |
| During | 0.35493 | 0.36993 | 0.35491 | 0.36712 | 3.32% | 4.06% | 118.093M DOGE |
| 10 Minutes | |||||||
| Before | 0.35402 | 0.3562 | 0.35376 | 0.35493 | 0.26% | 0.69% | 14.25M DOGE |
| During | 0.35493 | 0.36993 | 0.35491 | 0.36559 | 2.92% | 4.06% | 182.596M DOGE |
| 15 Minutes | |||||||
| Before | 0.35337 | 0.3562 | 0.35226 | 0.35493 | 0.44% | 1.11% | 18.873M DOGE |
| During | 0.35493 | 0.36993 | 0.35491 | 0.36478 | 2.70% | 4.06% | 211.527M DOGE |
| 30 Minutes | |||||||
| Before | 0.35138 | 0.3562 | 0.35135 | 0.35493 | 1.00% | 1.36% | 34.954M DOGE |
| During | 0.35493 | 0.36993 | 0.35491 | 0.36749 | 3.42% | 4.06% | 287.685M DOGE |
| 1 Hour | |||||||
| Before | 0.34893 | 0.3562 | 0.34893 | 0.35493 | 1.69% | 2.04% | 56.832M DOGE |
| During | 0.35493 | 0.36993 | 0.35491 | 0.36374 | 2.42% | 4.06% | 410.472M DOGE |
| 2 Hours | |||||||
| Before | 0.35037 | 0.3562 | 0.3483 | 0.35493 | 1.28% | 2.22% | 111.165M DOGE |
| During | 0.35493 | 0.37428 | 0.35491 | 0.37389 | 5.07% | 5.18% | 567.452M DOGE |
| 4 Hours | |||||||
| Before | 0.35672 | 0.35807 | 0.3483 | 0.35493 | -0.50% | 2.73% | 297.281M DOGE |
| During | 0.35493 | 0.37808 | 0.35491 | 0.37166 | 4.50% | 6.13% | 781.002M DOGE |
| 6 Hours | |||||||
| Before | 0.36308 | 0.36342 | 0.3483 | 0.35493 | -2.30% | 4.16% | 386.659M DOGE |
| During | 0.35493 | 0.37808 | 0.35491 | 0.37478 | 5.30% | 6.13% | 862.237M DOGE |
| 8 Hours | |||||||
| Before | 0.35795 | 0.36536 | 0.35671 | 0.35673 | -0.34% | 2.37% | 422.176M DOGE |
| During | 0.35672 | 0.37808 | 0.3483 | 0.37166 | 4.02% | 7.88% | 1.078B DOGE |
| 12 Hours | |||||||
| Before | 0.35795 | 0.36536 | 0.3483 | 0.35493 | -0.85% | 4.67% | 719.457M DOGE |
| During | 0.35493 | 0.38777 | 0.35491 | 0.37723 | 5.91% | 8.47% | 1.38B DOGE |
