SOL Volatility Analysis for Non-Farm Payrolls, 4th November 2022

Data Analysis

The data released by Bureau of Labor Statistics for Non-Farm Payrolls on 4th November, 2022 has come in at an increase to 400K for October 2022. Compared to the previous release for September 2022 at 227K, 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 423,407 SOL with prices swinging between 31.96 and 32.77, representing a swing of 2.47%. Subsequently, the trading volume increased significantly by 307% to 1.722M SOL. Price action ranged from a low of 31.87 to a high of 34.00, a significant difference of 6.26%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 38,754 SOL in trading volume was observed prior to the data release. Prices ranged between a low of 32.01 to a high of 32.21, a 0.62% change. Immediately following, trading volume increased significantly by 394% to 191,301 SOL. At this time, Solana hit a low of 31.87 with a high of 32.86, a significant change of 3.01%.

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

31.05

33.94

24h Change

2.89 (8.52%)

24h High

34.20

24h Low

30.98

24h Volume

4.14M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

4th November, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	32.07	32.21	32.01	32.13	0.19%	0.62%	8,847 SOL
During	32.16	32.38	31.90	31.99	-0.53%	1.48%	45,490 SOL

5 Minutes
Before	32.15	32.21	32.01	32.13	-0.06%	0.62%	24,266 SOL
During	32.16	32.38	31.87	32.31	0.46%	1.58%	97,564 SOL

10 Minutes
Before	32.10	32.21	32.01	32.13	0.09%	0.62%	30,094 SOL
During	32.16	32.86	31.87	32.82	2.01%	3.01%	156,593 SOL

15 Minutes
Before	32.04	32.21	32.01	32.13	0.28%	0.62%	38,754 SOL
During	32.16	32.86	31.87	32.56	1.23%	3.01%	191,301 SOL

30 Minutes
Before	32.31	32.37	31.96	32.13	-0.56%	1.27%	88,454 SOL
During	32.16	32.98	31.87	32.95	2.40%	3.37%	267,427 SOL

1 Hour
Before	32.58	32.64	31.96	32.13	-1.40%	2.08%	144,171 SOL
During	32.16	33.48	31.87	33.41	3.74%	4.81%	512,136 SOL

2 Hours
Before	32.40	32.77	31.96	32.13	-0.84%	2.47%	280,822 SOL
During	32.16	34.00	31.87	33.74	4.68%	6.26%	969,504 SOL

4 Hours
Before	32.33	32.77	31.96	32.13	-0.62%	2.47%	423,407 SOL
During	32.16	34.00	31.87	33.14	2.96%	6.26%	1.722M SOL

6 Hours
Before	32.38	32.77	31.96	32.13	-0.78%	2.47%	658,897 SOL
During	32.16	34.00	31.87	33.09	2.81%	6.26%	2.083M SOL

8 Hours
Before	31.05	32.66	30.98	32.32	3.93%	5.14%	835,717 SOL
During	32.33	34.00	31.87	33.14	2.44%	6.26%	2.145M SOL

12 Hours
Before	31.05	32.77	30.98	32.13	3.36%	5.46%	1.259M SOL
During	32.16	34.20	31.87	33.94	5.24%	6.81%	2.881M SOL