HBAR Volatility Analysis for PCE, 26th August 2022

Data Analysis

The data released by Bureau of Economic Analysis for Personal Consumption Expenditures on 26th August, 2022 has come in at a decrease to 0.0% for July 2022. Compared to the previous release for June 2022 at 0.9%, we can see that prices & inflation is still decreasing 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 10.59M HBAR with prices swinging between 0.066300 and 0.068400, representing a swing of 3.07%. Subsequently, the trading volume increased significantly by 220% to 33.897M HBAR. Price action ranged from a low of 0.064800 to a high of 0.068800, a significant difference of 5.81%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 298,342 HBAR in trading volume was observed prior to the data release. Prices ranged between a low of 0.067100 to a high of 0.067400, a 0.45% change. Immediately following, trading volume remain relatively similar at 3.535M HBAR. At this time, Hedera hit a low of 0.067200 with a high of 0.068600, a significant change of 2.04%.

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

0.068300

Close

0.062900

24h Change

-0.0054 (-8.59%)

24h High

0.068900

24h Low

0.061700

24h Volume

114.82M HBAR

US Personal Consumption Expenditures

Bureau of Economic Analysis

26th August, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time Open High Low Close Change Amplitude Volume
 
1 Minute
Before0.06730.06730.06730.06730.00%0.00%10,338 HBAR
During0.06730.06820.06720.06811.17%1.47%676,569 HBAR
 
5 Minutes
Before0.06710.06740.06710.06730.30%0.45%208,954 HBAR
During0.06730.06850.06720.06841.61%1.90%2.356M HBAR
 
10 Minutes
Before0.06720.06740.06710.06730.15%0.45%263,720 HBAR
During0.06730.06860.06720.06831.46%2.04%3.127M HBAR
 
15 Minutes
Before0.06710.06740.06710.06730.30%0.45%298,342 HBAR
During0.06730.06860.06720.06821.32%2.04%3.535M HBAR
 
30 Minutes
Before0.06690.06740.06680.06730.59%0.89%492,011 HBAR
During0.06730.06870.06720.06851.75%2.18%4.687M HBAR
 
1 Hour
Before0.06670.06740.06650.06730.89%1.34%1.096M HBAR
During0.06730.06880.06720.06841.61%2.33%7.636M HBAR
 
2 Hours
Before0.0680.06830.06630.0673-1.04%2.93%5.255M HBAR
During0.06730.06880.06690.06750.30%2.76%18.081M HBAR
 
4 Hours
Before0.06780.06840.06630.0673-0.74%3.07%10.59M HBAR
During0.06730.06880.06480.0649-3.70%5.81%33.897M HBAR
 
6 Hours
Before0.06750.06840.06630.0673-0.30%3.07%18.018M HBAR
During0.06730.06880.06320.0634-6.15%8.14%45.927M HBAR
 
8 Hours
Before0.06830.06890.06670.0677-0.89%3.19%35.641M HBAR
During0.06780.06880.06480.0649-4.47%5.81%44.487M HBAR
 
12 Hours
Before0.06830.06890.06630.0673-1.49%3.77%46.231M HBAR
During0.06730.06880.06170.0629-7.00%10.32%68.589M HBAR

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