SOL Volatility Analysis for Non-Farm Payrolls, 6th August 2021

Data Analysis

The data released by Bureau of Labor Statistics for Non-Farm Payrolls on 6th August, 2021 has come in at an increase to 931K for July 2021. Compared to the previous release for June 2021 at 796K, 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 306,724 SOL with prices swinging between 36.71 and 37.37, representing a swing of 1.77%. Subsequently, the trading volume increased significantly by 518% to 1.895M SOL. Price action ranged from a low of 36.90 to a high of 40.16, a significant difference of 8.12%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 31,752 SOL in trading volume was observed prior to the data release. Prices ranged between a low of 37.12 to a high of 37.37, a 0.67% change. Immediately following, trading volume decreased by 20% to 25,327 SOL. At this time, Solana hit a low of 37.01 with a high of 37.24, a change of 0.62%.

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

37.28

39.26

24h Change

1.98 (5.04%)

24h High

40.40

24h Low

35.61

24h Volume

3.985M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

6th August, 2021, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	37.25	37.26	37.19	37.24	-0.03%	0.19%	799 SOL
During	37.23	37.23	37.15	37.21	-0.05%	0.21%	847 SOL

5 Minutes
Before	37.20	37.30	37.16	37.24	0.11%	0.38%	4,161 SOL
During	37.23	37.24	37.10	37.17	-0.16%	0.38%	11,368 SOL

10 Minutes
Before	37.25	37.30	37.12	37.24	-0.03%	0.48%	14,692 SOL
During	37.23	37.24	37.01	37.04	-0.51%	0.62%	19,415 SOL

15 Minutes
Before	37.19	37.37	37.12	37.24	0.13%	0.67%	31,752 SOL
During	37.23	37.24	37.01	37.08	-0.40%	0.62%	25,327 SOL

30 Minutes
Before	36.94	37.37	36.71	37.24	0.81%	1.77%	64,449 SOL
During	37.23	37.24	36.90	37.02	-0.57%	0.91%	48,905 SOL

1 Hour
Before	36.99	37.37	36.71	37.24	0.67%	1.77%	83,905 SOL
During	37.23	37.66	36.90	37.47	0.64%	2.02%	139,221 SOL

2 Hours
Before	36.92	37.37	36.71	37.24	0.86%	1.77%	161,715 SOL
During	37.23	38.18	36.90	38.18	2.49%	3.35%	548,945 SOL

4 Hours
Before	37.08	37.37	36.71	37.24	0.43%	1.77%	306,724 SOL
During	37.23	40.16	36.90	39.73	6.29%	8.12%	1.895M SOL

6 Hours
Before	36.76	37.37	36.55	37.24	1.29%	2.19%	485,873 SOL
During	37.23	40.40	36.90	39.98	6.88%	8.66%	2.261M SOL

8 Hours
Before	37.28	37.37	35.61	37.08	-0.54%	4.71%	896,046 SOL
During	37.08	40.16	36.71	39.73	6.67%	8.59%	2.202M SOL

12 Hours
Before	37.28	37.37	35.61	37.24	-0.11%	4.71%	1.203M SOL
During	37.23	40.40	36.90	39.26	5.17%	8.66%	2.783M SOL