DOGE Volatility Analysis for GDP Report, 30th January 2025

Data Analysis

The data released by Bureau of Economic Analysis for Gross Domestic Product Report on 30th January, 2025 has come in at a decrease to 2.3% for 2024 4th Quarter. Compared to the previous release for 2024 3rd Quarter at 3.1%, we can see that GDP growth is still increasing but slowed quarterly.

To see the impact and volatility of DOGE's price during the GDP Report 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 80.136M DOGE with prices swinging between 0.329890 and 0.333420, representing a swing of 1.06%. Subsequently, the trading volume increased significantly by 150% to 200.496M DOGE. Price action ranged from a low of 0.331190 to a high of 0.338810, a significant difference of 2.25%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 15.682M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.331370 to a high of 0.333050, a 0.50% change. Immediately following, trading volume increased considerably by 98% to 30.993M DOGE. At this time, Dogecoin hit a low of 0.331190 with a high of 0.335500, a significant change of 1.28%.

About Gross Domestic Product Report

The GDP report is one of the BEA's most crucial outputs. It tells us the monetary value of all the finished goods and services produced within a country's borders in a specific time period. GDP gives the public an indication of an economy's size. Moreover, when compared against prior periods, this data can reveal whether the economy is expanding (producing more goods and services) or contracting (registering declining output). The direction of GDP helps central banks determine whether it is necessary to intervene with monetary policy or not.

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

0.330240

0.330810

24h Change

0.00057 (0.17%)

24h High

0.338810

24h Low

0.327640

24h Volume

585.666M DOGE

US Gross Domestic Product Report

Bureau of Economic Analysis

30th January, 2025, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.33224	0.33305	0.33224	0.33304	0.24%	0.24%	1.102M DOGE
During	0.33304	0.3355	0.33273	0.33349	0.13%	0.83%	17.287M DOGE

5 Minutes
Before	0.33189	0.33305	0.33189	0.33304	0.35%	0.35%	3.451M DOGE
During	0.33304	0.3355	0.33236	0.33266	-0.11%	0.94%	23.545M DOGE

10 Minutes
Before	0.33225	0.33305	0.33179	0.33304	0.24%	0.38%	10.516M DOGE
During	0.33304	0.3355	0.33204	0.33211	-0.28%	1.03%	26.071M DOGE

15 Minutes
Before	0.33137	0.33305	0.33137	0.33304	0.50%	0.50%	15.682M DOGE
During	0.33304	0.3355	0.33119	0.33213	-0.27%	1.28%	30.993M DOGE

30 Minutes
Before	0.33105	0.33305	0.33033	0.33304	0.60%	0.82%	19.189M DOGE
During	0.33304	0.3355	0.33119	0.33313	0.03%	1.28%	39.506M DOGE

1 Hour
Before	0.33138	0.33305	0.32989	0.33304	0.50%	0.95%	26.091M DOGE
During	0.33304	0.3355	0.33119	0.33385	0.24%	1.28%	58.64M DOGE

2 Hours
Before	0.33142	0.33305	0.32989	0.33304	0.49%	0.95%	42.8M DOGE
During	0.33304	0.33881	0.33119	0.33576	0.81%	2.25%	133.1M DOGE

4 Hours
Before	0.33235	0.33342	0.32989	0.33304	0.21%	1.06%	80.136M DOGE
During	0.33304	0.33881	0.33119	0.33349	0.13%	2.25%	200.496M DOGE

6 Hours
Before	0.33097	0.33342	0.32934	0.33304	0.62%	1.22%	110.526M DOGE
During	0.33304	0.33881	0.33119	0.3342	0.35%	2.25%	235.991M DOGE

8 Hours
Before	0.33024	0.33372	0.32764	0.33234	0.63%	1.82%	156.474M DOGE
During	0.33235	0.33881	0.32989	0.33349	0.34%	2.63%	280.632M DOGE

12 Hours
Before	0.33024	0.33372	0.32764	0.33304	0.84%	1.82%	236.61M DOGE
During	0.33304	0.33881	0.32973	0.33081	-0.67%	2.68%	349.056M DOGE