Data Analysis
The data released by Bureau of Labor Statistics for Consumer Price Index on 15th May, 2024 has come in at a decrease to 0.4% for April 2024. Compared to the previous release for March 2024 at 0.6%, 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 292.839M DOGE with prices swinging between 0.147800 and 0.151970, representing a swing of 2.74%. Subsequently, the trading volume increased considerably by 99% to 582.029M DOGE. Price action ranged from a low of 0.148870 to a high of 0.155000, a difference of 3.95%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 20.235M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.148000 to a high of 0.149390, a 0.93% change. Immediately following, trading volume increased significantly by 596% to 140.796M DOGE. At this time, Dogecoin hit a low of 0.148870 with a high of 0.155000, a significant change of 3.95%.
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
0.146720Close
0.15529024h Change
0.00857 (5.52%)24h High
0.15700024h Low
0.14525024h Volume
1.865B DOGEUS Consumer Price Index
Bureau of Labor Statistics
15th May, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.14896 | 0.14898 | 0.14868 | 0.14887 | -0.06% | 0.20% | 992,187 DOGE |
| During | 0.14887 | 0.15286 | 0.14887 | 0.15281 | 2.58% | 2.61% | 33.443M DOGE |
| 5 Minutes | |||||||
| Before | 0.14849 | 0.14898 | 0.148 | 0.14887 | 0.26% | 0.66% | 7.299M DOGE |
| During | 0.14887 | 0.155 | 0.14887 | 0.15266 | 2.48% | 3.95% | 87.739M DOGE |
| 10 Minutes | |||||||
| Before | 0.14894 | 0.14914 | 0.148 | 0.14887 | -0.05% | 0.76% | 16.003M DOGE |
| During | 0.14887 | 0.155 | 0.14887 | 0.15153 | 1.76% | 3.95% | 117.847M DOGE |
| 15 Minutes | |||||||
| Before | 0.14939 | 0.14939 | 0.148 | 0.14887 | -0.35% | 0.93% | 20.235M DOGE |
| During | 0.14887 | 0.155 | 0.14887 | 0.15212 | 2.14% | 3.95% | 140.796M DOGE |
| 30 Minutes | |||||||
| Before | 0.1494 | 0.14973 | 0.148 | 0.14887 | -0.36% | 1.16% | 32.735M DOGE |
| During | 0.14887 | 0.155 | 0.14887 | 0.15201 | 2.07% | 3.95% | 172.307M DOGE |
| 1 Hour | |||||||
| Before | 0.14894 | 0.14988 | 0.148 | 0.14887 | -0.05% | 1.25% | 62.369M DOGE |
| During | 0.14887 | 0.155 | 0.14887 | 0.15307 | 2.74% | 3.95% | 241.128M DOGE |
| 2 Hours | |||||||
| Before | 0.15054 | 0.15096 | 0.148 | 0.14887 | -1.12% | 1.96% | 118.492M DOGE |
| During | 0.14887 | 0.155 | 0.14887 | 0.15123 | 1.56% | 3.95% | 363.545M DOGE |
| 4 Hours | |||||||
| Before | 0.14893 | 0.15197 | 0.1478 | 0.14887 | -0.04% | 2.74% | 292.839M DOGE |
| During | 0.14887 | 0.155 | 0.14887 | 0.15095 | 1.38% | 3.95% | 582.029M DOGE |
| 6 Hours | |||||||
| Before | 0.14701 | 0.15197 | 0.14643 | 0.14887 | 1.25% | 3.65% | 472.786M DOGE |
| During | 0.14887 | 0.155 | 0.14887 | 0.15353 | 3.04% | 3.95% | 749.782M DOGE |
| 8 Hours | |||||||
| Before | 0.14672 | 0.15 | 0.14525 | 0.14892 | 1.48% | 3.17% | 384.16M DOGE |
| During | 0.14893 | 0.155 | 0.1478 | 0.15095 | 1.34% | 4.65% | 874.868M DOGE |
| 12 Hours | |||||||
| Before | 0.14672 | 0.15197 | 0.14525 | 0.14887 | 1.44% | 4.42% | 676.998M DOGE |
| During | 0.14887 | 0.157 | 0.14887 | 0.15529 | 4.13% | 5.18% | 1.188B DOGE |
