HBAR Volatility Analysis for PCE, 31st May 2024

Data Analysis

The data released by Bureau of Economic Analysis for Personal Consumption Expenditures on 31st May, 2024 has come in at a decrease to 0.3% for April 2024. Compared to the previous release for March 2024 at 0.3%, we can see that prices & inflation is increasing at the same rate month over month.

To see the impact and volatility of HBAR's price during the PCE 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 15.132M HBAR with prices swinging between 0.100000 and 0.101200, representing a swing of 1.19%. Subsequently, the trading volume increased significantly by 219% to 48.297M HBAR. Price action ranged from a low of 0.098000 to a high of 0.101900, a significant difference of 3.83%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 562,183 HBAR in trading volume was observed prior to the data release. Prices ranged between a low of 0.100600 to a high of 0.101100, a 0.49% change. Immediately following, trading volume increased significantly by 506% to 3.409M HBAR. At this time, Hedera hit a low of 0.101000 with a high of 0.101900, a significant change of 0.88%.

About Personal Consumption Expenditures

Personal consumption expenditures (PCE) is a measure of the prices people in the United States pay for goods and services. PCE accounts for about two-thirds of domestic spending and is a significant driver of gross domestic product (GDP). An estimated total of personal consumption expenditures (PCE) is compiled by the Bureau of Economic Analysis as one way to measure and track changes in the prices of consumer goods over time.

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.

HBAR-USDT

Hedera

Open

0.100200

0.099900

24h Change

-0.0003 (-0.30%)

24h High

0.101900

24h Low

0.098000

24h Volume

144.556M HBAR

US Personal Consumption Expenditures

Bureau of Economic Analysis

31st May, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.1009	0.1011	0.1009	0.1011	0.20%	0.20%	45,636 HBAR
During	0.101	0.1016	0.101	0.1015	0.49%	0.59%	756,862 HBAR

5 Minutes
Before	0.1009	0.1011	0.1009	0.1011	0.20%	0.20%	105,402 HBAR
During	0.101	0.1019	0.101	0.1016	0.59%	0.88%	2.299M HBAR

10 Minutes
Before	0.1006	0.1011	0.1006	0.1011	0.49%	0.49%	315,400 HBAR
During	0.101	0.1019	0.101	0.1015	0.49%	0.88%	3.094M HBAR

15 Minutes
Before	0.1007	0.1011	0.1006	0.1011	0.40%	0.49%	562,183 HBAR
During	0.101	0.1019	0.101	0.1017	0.69%	0.88%	3.409M HBAR

30 Minutes
Before	0.1008	0.1011	0.1006	0.1011	0.30%	0.49%	1.765M HBAR
During	0.101	0.1019	0.1009	0.1011	0.10%	0.98%	4.836M HBAR

1 Hour
Before	0.1008	0.1012	0.1006	0.1011	0.30%	0.59%	3.614M HBAR
During	0.101	0.1019	0.1007	0.1007	-0.30%	1.18%	8.22M HBAR

2 Hours
Before	0.1003	0.1012	0.1001	0.1011	0.79%	1.09%	7.611M HBAR
During	0.101	0.1019	0.0996	0.10	-1.00%	2.26%	21.496M HBAR

4 Hours
Before	0.1004	0.1012	0.10	0.1011	0.69%	1.19%	15.132M HBAR
During	0.101	0.1019	0.098	0.0985	-2.54%	3.83%	48.297M HBAR

6 Hours
Before	0.1006	0.1012	0.0999	0.1011	0.49%	1.28%	23.237M HBAR
During	0.101	0.1019	0.098	0.0994	-1.61%	3.83%	63.277M HBAR

8 Hours
Before	0.1002	0.1011	0.0994	0.1004	0.20%	1.68%	35.813M HBAR
During	0.1004	0.1019	0.098	0.0985	-1.93%	3.83%	63.43M HBAR

12 Hours
Before	0.1002	0.1012	0.0994	0.1011	0.89%	1.78%	50.946M HBAR
During	0.101	0.1019	0.098	0.0999	-1.10%	3.83%	93.61M HBAR