The data released by Bureau of Economic Analysis for Gross Domestic Product Report on 30th March, 2022 has come in at a decrease to 6.9% for 2021 4th Quarter. Compared to the previous release for 2021 4th Quarter at 7.0%, 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.
In the period prior to the release, the trading volume was 197.87M DOGE with prices swinging between 0.142000 and 0.145600, representing a swing of 2.47%. Subsequently, the trading volume increased by 29% to 254.618M DOGE. Price action ranged from a low of 0.140300 to a high of 0.143900, a difference of 2.50%
Analysing on a lower time frame to get a more accurate picture, 12.599M DOGE in trading volume was observed prior to the data release. Prices ranged between a low of 0.142500 to a high of 0.143200, a 0.49% change. Immediately following, trading volume increased by 15% to 14.539M DOGE. At this time, Dogecoin hit a low of 0.142600 with a high of 0.143600, a change of 0.70%.
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.
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.
Dogecoin
Open
0.143200Close
0.14380024h Change
0.0006 (0.42%)24h High
0.14560024h Low
0.13790024h Volume
1.128B DOGEUS Gross Domestic Product Report
Bureau of Economic Analysis
30th March, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Time | Open | High | Low | Close | Change | Amplitude | Volume |
---|---|---|---|---|---|---|---|
1 Minute | |||||||
Before | 0.1428 | 0.1428 | 0.1425 | 0.1426 | -0.14% | 0.21% | 1.182M DOGE |
During | 0.1426 | 0.143 | 0.1426 | 0.1429 | 0.21% | 0.28% | 1.809M DOGE |
5 Minutes | |||||||
Before | 0.143 | 0.1432 | 0.1425 | 0.1426 | -0.28% | 0.49% | 3.306M DOGE |
During | 0.1426 | 0.143 | 0.1426 | 0.1428 | 0.14% | 0.28% | 6.731M DOGE |
10 Minutes | |||||||
Before | 0.1429 | 0.1432 | 0.1425 | 0.1426 | -0.21% | 0.49% | 7.811M DOGE |
During | 0.1426 | 0.1435 | 0.1426 | 0.1435 | 0.63% | 0.63% | 12.13M DOGE |
15 Minutes | |||||||
Before | 0.1426 | 0.1432 | 0.1425 | 0.1426 | 0.00% | 0.49% | 12.599M DOGE |
During | 0.1426 | 0.1436 | 0.1426 | 0.1433 | 0.49% | 0.70% | 14.539M DOGE |
30 Minutes | |||||||
Before | 0.1437 | 0.1439 | 0.142 | 0.1426 | -0.77% | 1.32% | 33.938M DOGE |
During | 0.1426 | 0.1439 | 0.1426 | 0.1436 | 0.70% | 0.90% | 22.623M DOGE |
1 Hour | |||||||
Before | 0.1442 | 0.1447 | 0.142 | 0.1426 | -1.12% | 1.87% | 55.267M DOGE |
During | 0.1426 | 0.1439 | 0.1417 | 0.1424 | -0.14% | 1.53% | 52.36M DOGE |
2 Hours | |||||||
Before | 0.1435 | 0.1456 | 0.142 | 0.1426 | -0.63% | 2.47% | 130.921M DOGE |
During | 0.1426 | 0.1439 | 0.1403 | 0.1417 | -0.64% | 2.50% | 152.875M DOGE |
4 Hours | |||||||
Before | 0.1438 | 0.1456 | 0.142 | 0.1426 | -0.84% | 2.47% | 197.87M DOGE |
During | 0.1426 | 0.1439 | 0.1403 | 0.1434 | 0.56% | 2.50% | 254.618M DOGE |
6 Hours | |||||||
Before | 0.1434 | 0.1456 | 0.142 | 0.1426 | -0.56% | 2.47% | 274.439M DOGE |
During | 0.1426 | 0.1447 | 0.1403 | 0.1436 | 0.70% | 3.04% | 350.183M DOGE |
8 Hours | |||||||
Before | 0.1432 | 0.145 | 0.1379 | 0.1439 | 0.49% | 4.90% | 380.585M DOGE |
During | 0.1438 | 0.1456 | 0.1403 | 0.1434 | -0.28% | 3.64% | 452.487M DOGE |
12 Hours | |||||||
Before | 0.1432 | 0.1456 | 0.1379 | 0.1426 | -0.42% | 5.29% | 578.455M DOGE |
During | 0.1426 | 0.1447 | 0.1403 | 0.1438 | 0.83% | 3.04% | 549.595M DOGE |