Data Analysis
The data released by Bureau of Labor Statistics for Consumer Price Index on 14th August, 2024 has come in at an increase to 0.1% for July 2024. Compared to the previous release for June 2024 at 0.0%, we can see that prices & inflation is increasing 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 86.63M DOGE with prices swinging between 0.105150 and 0.106790, representing a swing of 1.54%. Subsequently, the trading volume increased significantly by 172% to 235.58M DOGE. Price action ranged from a low of 0.101360 to a high of 0.106940, a significant difference of 5.22%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 15.727M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.105500 to a high of 0.106790, a 1.21% change. Immediately following, trading volume increased considerably by 95% to 30.621M DOGE. At this time, Dogecoin hit a low of 0.105240 with a high of 0.106940, a change of 1.59%.
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
0.106140Close
0.10249024h Change
-0.00365 (-3.56%)24h High
0.10694024h Low
0.10136024h Volume
527.103M DOGEUS Consumer Price Index
Bureau of Labor Statistics
14th August, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 0.10631 | 0.10679 | 0.1063 | 0.10674 | 0.40% | 0.46% | 11.229M DOGE |
| During | 0.10674 | 0.10694 | 0.10581 | 0.10614 | -0.57% | 1.06% | 7.111M DOGE |
| 5 Minutes | |||||||
| Before | 0.10617 | 0.10679 | 0.10604 | 0.10674 | 0.53% | 0.70% | 12.554M DOGE |
| During | 0.10674 | 0.10694 | 0.10524 | 0.1061 | -0.60% | 1.59% | 17.561M DOGE |
| 10 Minutes | |||||||
| Before | 0.10569 | 0.10679 | 0.10569 | 0.10674 | 0.98% | 1.03% | 14.667M DOGE |
| During | 0.10674 | 0.10694 | 0.10524 | 0.10637 | -0.35% | 1.59% | 21.978M DOGE |
| 15 Minutes | |||||||
| Before | 0.10562 | 0.10679 | 0.1055 | 0.10674 | 1.05% | 1.21% | 15.727M DOGE |
| During | 0.10674 | 0.10694 | 0.10524 | 0.10663 | -0.10% | 1.59% | 30.621M DOGE |
| 30 Minutes | |||||||
| Before | 0.10582 | 0.10679 | 0.1055 | 0.10674 | 0.86% | 1.21% | 19.969M DOGE |
| During | 0.10674 | 0.10694 | 0.10524 | 0.10572 | -0.96% | 1.59% | 39.17M DOGE |
| 1 Hour | |||||||
| Before | 0.10556 | 0.10679 | 0.10544 | 0.10674 | 1.11% | 1.26% | 26.366M DOGE |
| During | 0.10674 | 0.10694 | 0.10471 | 0.10522 | -1.44% | 2.09% | 53.406M DOGE |
| 2 Hours | |||||||
| Before | 0.10624 | 0.10679 | 0.10515 | 0.10674 | 0.47% | 1.54% | 59.766M DOGE |
| During | 0.10674 | 0.10694 | 0.10136 | 0.10261 | -4.02% | 5.22% | 157.331M DOGE |
| 4 Hours | |||||||
| Before | 0.1056 | 0.10679 | 0.10515 | 0.10674 | 1.07% | 1.54% | 86.63M DOGE |
| During | 0.10674 | 0.10694 | 0.10136 | 0.10291 | -3.72% | 5.22% | 235.58M DOGE |
| 6 Hours | |||||||
| Before | 0.10587 | 0.10679 | 0.10512 | 0.10674 | 0.82% | 1.56% | 107.618M DOGE |
| During | 0.10674 | 0.10694 | 0.10136 | 0.10282 | -3.81% | 5.22% | 269.784M DOGE |
| 8 Hours | |||||||
| Before | 0.10614 | 0.10657 | 0.10512 | 0.1056 | -0.51% | 1.36% | 91.801M DOGE |
| During | 0.1056 | 0.10694 | 0.10136 | 0.10291 | -2.61% | 5.22% | 322.21M DOGE |
| 12 Hours | |||||||
| Before | 0.10614 | 0.10679 | 0.10512 | 0.10674 | 0.56% | 1.56% | 178.431M DOGE |
| During | 0.10674 | 0.10694 | 0.10136 | 0.10249 | -4.15% | 5.22% | 348.673M DOGE |
