SOL Volatility Analysis for Non-Farm Payrolls, 8th July 2022

Data Analysis

The data released by Bureau of Labor Statistics for Non-Farm Payrolls on 8th July, 2022 has come in at an increase to 461K for June 2022. Compared to the previous release for May 2022 at 241K, 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 759,346 SOL with prices swinging between 36.58 and 37.55, representing a swing of 2.58%. Subsequently, the trading volume increased significantly by 117% to 1.645M SOL. Price action ranged from a low of 36.46 to a high of 38.85, a significant difference of 6.15%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 37,158 SOL in trading volume was observed prior to the data release. Prices ranged between a low of 37.10 to a high of 37.55, a 1.20% change. Immediately following, trading volume increased significantly by 315% to 154,193 SOL. At this time, Solana hit a low of 36.54 with a high of 37.34, a significant change of 2.14%.

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

38.31

38.77

24h Change

0.46 (1.19%)

24h High

39.72

24h Low

36.46

24h Volume

5.351M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

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

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	37.22	37.24	37.21	37.21	-0.03%	0.08%	376 SOL
During	37.20	37.34	36.82	37.24	0.11%	1.39%	66,070 SOL

5 Minutes
Before	37.24	37.32	37.20	37.21	-0.08%	0.32%	8,823 SOL
During	37.20	37.34	36.72	36.85	-0.95%	1.66%	104,603 SOL

10 Minutes
Before	37.38	37.42	37.10	37.21	-0.46%	0.86%	24,303 SOL
During	37.20	37.34	36.72	36.92	-0.76%	1.66%	125,702 SOL

15 Minutes
Before	37.40	37.55	37.10	37.21	-0.51%	1.20%	37,158 SOL
During	37.20	37.34	36.54	36.64	-1.53%	2.14%	154,193 SOL

30 Minutes
Before	37.20	37.55	37.02	37.21	0.03%	1.41%	75,786 SOL
During	37.20	37.34	36.46	36.75	-1.22%	2.36%	251,987 SOL

1 Hour
Before	37.17	37.55	37.02	37.21	0.11%	1.41%	128,771 SOL
During	37.20	37.34	36.46	36.81	-1.06%	2.36%	315,467 SOL

2 Hours
Before	37.27	37.55	36.86	37.21	-0.16%	1.84%	256,869 SOL
During	37.20	37.34	36.46	37.07	-0.35%	2.36%	598,080 SOL

4 Hours
Before	37.47	37.55	36.58	37.21	-0.70%	2.58%	759,346 SOL
During	37.20	38.85	36.46	38.23	2.69%	6.15%	1.645M SOL

6 Hours
Before	37.79	37.99	36.58	37.21	-1.56%	3.71%	1.17M SOL
During	37.20	39.20	36.46	39.04	4.71%	6.99%	2.224M SOL

8 Hours
Before	38.31	39.72	37.17	37.47	-2.24%	6.42%	1.434M SOL
During	37.47	38.85	36.46	38.23	1.99%	6.15%	2.404M SOL

12 Hours
Before	38.31	39.72	36.58	37.21	-2.96%	7.91%	2.193M SOL
During	37.20	39.35	36.46	38.77	4.05%	7.34%	3.158M SOL