SOL Volatility Analysis for Non-Farm Payrolls, 2nd July 2021

Data Analysis

The data released by Bureau of Labor Statistics for Non-Farm Payrolls on 2nd July, 2021 has come in at an increase to 796K for June 2021. Compared to the previous release for May 2021 at 421K, 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 573,583 SOL with prices swinging between 31.49 and 32.44, representing a swing of 2.93%. Subsequently, the trading volume increased by 47% to 845,792 SOL. Price action ranged from a low of 31.78 to a high of 33.01, a difference of 3.73%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 89,210 SOL in trading volume was observed prior to the data release. Prices ranged between a low of 31.73 to a high of 32.14, a 1.28% change. Immediately following, trading volume decreased by 51% to 43,726 SOL. At this time, Solana hit a low of 31.78 with a high of 32.16, a change of 1.18%.

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

33.76

33.88

24h Change

0.12 (0.35%)

24h High

34.31

24h Low

31.37

24h Volume

4.325M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

2nd July, 2021, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	31.87	31.87	31.81	31.85	-0.06%	0.19%	285 SOL
During	31.83	31.88	31.78	31.88	0.16%	0.31%	1,848 SOL

5 Minutes
Before	31.89	31.96	31.79	31.85	-0.13%	0.53%	6,882 SOL
During	31.83	32.16	31.78	32.04	0.66%	1.18%	22,454 SOL

10 Minutes
Before	31.99	32.14	31.79	31.85	-0.44%	1.09%	76,144 SOL
During	31.83	32.16	31.78	31.98	0.47%	1.18%	33,615 SOL

15 Minutes
Before	31.76	32.14	31.73	31.85	0.28%	1.28%	89,210 SOL
During	31.83	32.16	31.78	32.10	0.84%	1.18%	43,726 SOL

30 Minutes
Before	31.89	32.14	31.73	31.85	-0.13%	1.28%	108,063 SOL
During	31.83	32.26	31.78	32.13	0.93%	1.49%	94,745 SOL

1 Hour
Before	32.04	32.14	31.68	31.85	-0.60%	1.43%	179,080 SOL
During	31.83	32.69	31.78	32.35	1.61%	2.78%	225,007 SOL

2 Hours
Before	31.94	32.27	31.68	31.85	-0.28%	1.83%	298,846 SOL
During	31.83	32.69	31.78	32.36	1.64%	2.78%	364,563 SOL

4 Hours
Before	32.35	32.44	31.49	31.85	-1.57%	2.93%	573,583 SOL
During	31.83	33.01	31.78	32.79	2.93%	3.73%	845,792 SOL

6 Hours
Before	31.72	32.75	31.49	31.85	0.41%	3.85%	1.068M SOL
During	31.83	33.20	31.78	32.83	3.05%	4.28%	1.171M SOL

8 Hours
Before	33.76	34.02	31.37	32.33	-4.42%	7.79%	1.727M SOL
During	32.35	33.01	31.49	32.79	1.34%	4.60%	1.419M SOL

12 Hours
Before	33.76	34.02	31.37	31.85	-6.00%	7.79%	2.301M SOL
During	31.83	34.31	31.78	33.88	6.05%	7.37%	2.024M SOL