SOL Volatility Analysis for Non-Farm Payrolls, 5th January 2024

Data Analysis

The data released by Bureau of Labor Statistics for Non-Farm Payrolls on 5th January, 2024 has come in at an increase to 269K for December 2023. Compared to the previous release for November 2023 at 141K, we can see that labour market is increasing month over month.

To see the impact and volatility of SOL's price during the Non-Farm Payrolls 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 1.229M SOL with prices swinging between 98.62 and 102.78, representing a swing of 4.05%. Subsequently, the trading volume increased by 38% to 1.698M SOL. Price action ranged from a low of 95.23 to a high of 101.20, a difference of 5.90%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 49,114 SOL in trading volume was observed prior to the data release. Prices ranged between a low of 100.63 to a high of 101.44, a 0.80% change. Immediately following, trading volume increased by 44% to 70,905 SOL. At this time, Solana hit a low of 100.12 with a high of 101.04, a change of 0.91%.

About Non-Farm Payrolls

Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.

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.

SOL-USDT

Solana

Open

102.97

97.95

24h Change

-5.02 (-5.13%)

24h High

103.68

24h Low

95.23

24h Volume

6.551M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

5th January, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	100.75	100.84	100.74	100.80	0.05%	0.10%	1,293 SOL
During	100.79	100.83	100.12	100.62	-0.17%	0.70%	9,939 SOL

5 Minutes
Before	100.84	100.86	100.63	100.80	-0.04%	0.23%	11,985 SOL
During	100.79	101.04	100.12	100.69	-0.10%	0.91%	27,751 SOL

10 Minutes
Before	101.19	101.32	100.63	100.80	-0.39%	0.68%	23,124 SOL
During	100.79	101.04	100.12	100.37	-0.42%	0.91%	55,077 SOL

15 Minutes
Before	101.11	101.44	100.63	100.80	-0.31%	0.80%	49,114 SOL
During	100.79	101.04	100.12	100.43	-0.36%	0.91%	70,905 SOL

30 Minutes
Before	100.60	101.44	100.45	100.80	0.20%	0.98%	111,001 SOL
During	100.79	101.04	99.66	100.78	-0.01%	1.37%	137,134 SOL

1 Hour
Before	100.34	101.44	100.22	100.80	0.46%	1.20%	237,662 SOL
During	100.79	101.20	99.00	99.47	-1.33%	2.17%	311,012 SOL

2 Hours
Before	100.60	101.44	98.62	100.80	0.20%	2.78%	556,395 SOL
During	100.79	101.20	96.72	98.18	-2.66%	4.43%	917,751 SOL

4 Hours
Before	101.91	102.78	98.62	100.80	-1.10%	4.05%	1.229M SOL
During	100.79	101.20	95.23	96.60	-4.34%	5.90%	1.698M SOL

6 Hours
Before	101.70	103.17	98.62	100.80	-0.89%	4.41%	1.623M SOL
During	100.79	101.20	95.23	97.77	-3.09%	5.90%	2.126M SOL

8 Hours
Before	102.97	103.68	98.50	101.91	-1.04%	5.00%	2.128M SOL
During	101.91	102.78	95.23	96.60	-5.50%	7.35%	2.926M SOL

12 Hours
Before	102.97	103.68	98.50	100.80	-2.15%	5.00%	3.357M SOL
During	100.79	101.20	95.23	97.95	-2.90%	5.90%	3.194M SOL