DOGE Volatility Analysis for CPI, 13th October 2020

Data Analysis

The data released by Bureau of Labor Statistics for Consumer Price Index on 13th October, 2020 has come in at a decrease to 0.1% for September 2020. Compared to the previous release for August 2020 at 0.3%, we can see that prices & inflation is still increasing but slowed 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 58.771M DOGE with prices swinging between 0.002634 and 0.002668, representing a swing of 1.27%. Subsequently, the trading volume remain relatively unchanged at 60.938M DOGE. Price action ranged from a low of 0.002633 to a high of 0.002659, a difference of 0.96%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 2.129M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.002655 to a high of 0.002661, a 0.20% change. Immediately following, trading volume decreased by 33% to 1.431M DOGE. At this time, Dogecoin hit a low of 0.002654 with a high of 0.002659, a change of 0.19%.

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).