SOL Volatility Analysis for Non-Farm Payrolls, 2nd September 2022

Data Analysis

The data released by Bureau of Labor Statistics for Non-Farm Payrolls on 2nd September, 2022 has come in at a decrease to 237K for August 2022. Compared to the previous release for July 2022 at 696K, 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 275,658 SOL with prices swinging between 31.25 and 31.76, representing a swing of 1.61%. Subsequently, the trading volume increased significantly by 202% to 832,539 SOL. Price action ranged from a low of 31.57 to a high of 32.38, a significant difference of 2.50%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 42,035 SOL in trading volume was observed prior to the data release. Prices ranged between a low of 31.46 to a high of 31.76, a 0.94% change. Immediately following, trading volume increased significantly by 589% to 289,754 SOL. At this time, Solana hit a low of 31.57 with a high of 32.22, a significant change of 2.02%.

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

31.46

31.14

24h Change

-0.32 (-1.03%)

24h High

32.38

24h Low

30.76

24h Volume

2.326M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

2nd September, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	31.56	31.60	31.56	31.56	0.00%	0.13%	5,485 SOL
During	31.57	31.90	31.57	31.82	0.79%	1.03%	54,440 SOL

5 Minutes
Before	31.64	31.76	31.46	31.56	-0.25%	0.94%	29,376 SOL
During	31.57	31.92	31.57	31.79	0.69%	1.10%	112,938 SOL

10 Minutes
Before	31.49	31.76	31.46	31.56	0.22%	0.94%	34,324 SOL
During	31.57	32.22	31.57	32.10	1.65%	2.02%	207,367 SOL

15 Minutes
Before	31.51	31.76	31.46	31.56	0.16%	0.94%	42,035 SOL
During	31.57	32.22	31.57	31.96	1.22%	2.02%	289,754 SOL

30 Minutes
Before	31.57	31.76	31.46	31.56	-0.03%	0.94%	57,906 SOL
During	31.57	32.22	31.57	32.02	1.41%	2.02%	374,567 SOL

1 Hour
Before	31.31	31.76	31.27	31.56	0.79%	1.54%	94,306 SOL
During	31.57	32.31	31.57	32.24	2.08%	2.29%	479,360 SOL

2 Hours
Before	31.57	31.76	31.25	31.56	-0.03%	1.61%	158,922 SOL
During	31.57	32.31	31.57	32.17	1.87%	2.29%	628,132 SOL

4 Hours
Before	31.51	31.76	31.25	31.56	0.16%	1.61%	275,658 SOL
During	31.57	32.38	31.57	31.99	1.31%	2.50%	832,539 SOL

6 Hours
Before	31.45	31.76	31.25	31.56	0.35%	1.61%	351,892 SOL
During	31.57	32.38	30.95	31.16	-1.32%	4.42%	1.19M SOL

8 Hours
Before	31.46	31.96	31.11	31.53	0.22%	2.66%	495,336 SOL
During	31.51	32.38	31.25	31.99	1.50%	3.49%	1.108M SOL

12 Hours
Before	31.46	31.96	31.11	31.56	0.32%	2.66%	770,994 SOL
During	31.57	32.38	30.76	31.14	-1.38%	5.00%	1.555M SOL