SOL Volatility Analysis for Non-Farm Payrolls, 7th October 2022

Data Analysis

The data released by Bureau of Labor Statistics for Non-Farm Payrolls on 7th October, 2022 has come in at a decrease to 227K for September 2022. Compared to the previous release for August 2022 at 237K, we can see that labour market is still increasing but slowed 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 367,921 SOL with prices swinging between 32.91 and 33.47, representing a swing of 1.67%. Subsequently, the trading volume increased significantly by 121% to 814,766 SOL. Price action ranged from a low of 32.43 to a high of 33.22, a difference of 2.38%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 139,706 SOL in trading volume was observed prior to the data release. Prices ranged between a low of 32.91 to a high of 33.39, a 1.44% change. Immediately following, trading volume increased considerably by 85% to 258,515 SOL. At this time, Solana hit a low of 32.62 with a high of 33.22, a change of 1.81%.

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

33.47

33.02

24h Change

-0.45 (-1.36%)

24h High

33.76

24h Low

32.43

24h Volume

1.956M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

7th October, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	33.10	33.17	32.91	33.17	0.21%	0.78%	35,460 SOL
During	33.17	33.22	32.62	32.87	-0.91%	1.81%	106,549 SOL

5 Minutes
Before	33.34	33.39	32.91	33.17	-0.51%	1.44%	130,903 SOL
During	33.17	33.22	32.62	32.92	-0.76%	1.81%	210,140 SOL

10 Minutes
Before	33.27	33.39	32.91	33.17	-0.30%	1.44%	136,588 SOL
During	33.17	33.22	32.62	32.91	-0.79%	1.81%	239,611 SOL

15 Minutes
Before	33.30	33.39	32.91	33.17	-0.39%	1.44%	139,706 SOL
During	33.17	33.22	32.62	32.80	-1.13%	1.81%	258,515 SOL

30 Minutes
Before	33.35	33.39	32.91	33.17	-0.54%	1.44%	154,606 SOL
During	33.17	33.22	32.43	32.79	-1.16%	2.38%	410,925 SOL

1 Hour
Before	33.27	33.43	32.91	33.17	-0.30%	1.56%	239,643 SOL
During	33.17	33.22	32.43	32.89	-0.85%	2.38%	517,029 SOL

2 Hours
Before	33.20	33.43	32.91	33.17	-0.09%	1.56%	277,667 SOL
During	33.17	33.22	32.43	32.99	-0.55%	2.38%	634,257 SOL

4 Hours
Before	33.39	33.47	32.91	33.17	-0.66%	1.67%	367,921 SOL
During	33.17	33.22	32.43	32.73	-1.34%	2.38%	814,766 SOL

6 Hours
Before	33.24	33.47	32.91	33.17	-0.21%	1.67%	480,687 SOL
During	33.17	33.22	32.43	32.82	-1.07%	2.38%	924,346 SOL

8 Hours
Before	33.47	33.76	33.14	33.38	-0.27%	1.84%	422,996 SOL
During	33.39	33.47	32.43	32.73	-2.02%	3.11%	1.183M SOL

12 Hours
Before	33.47	33.76	32.91	33.17	-0.90%	2.52%	790,917 SOL
During	33.17	33.22	32.43	33.02	-0.45%	2.38%	1.166M SOL