ADA Volatility Analysis for PPI, 9th November 2021

Data Analysis

The data released by Bureau of Labor Statistics for Producer Price Index on 9th November, 2021 has come in at an increase to 0.6% for October 2021. Compared to the previous release for September 2021 at 0.5%, we can see that prices & inflation is increasing month over month.

To see the impact and volatility of ADA's price during the PPI 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 110.561M ADA with prices swinging between 2.2500 and 2.3400, representing a swing of 3.85%. Subsequently, the trading volume increased considerably by 51% to 166.57M ADA. Price action ranged from a low of 2.2200 to a high of 2.3800, a significant difference of 6.72%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 5.073M ADA in trading volume was observed prior to the data release. Prices ranged between a low of 2.2800 to a high of 2.3100, a 1.30% change. Immediately following, trading volume increased by 27% to 6.445M ADA. At this time, Cardano hit a low of 2.2900 with a high of 2.3200, a change of 1.29%.

About Producer Price Index

The Producer Price Index (PPI) measures the average change over time in the prices domestic producers receive for their output. It is a measure of inflation at the wholesale level that is compiled from thousands of indexes measuring producer prices by industry and product category. The index is published monthly by the U.S. Bureau of Labor Statistics (BLS).

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.

ADA-USDT

Cardano

Open

2.1200

2.2500

24h Change

0.13 (5.78%)

24h High

2.3800

24h Low

2.1100

24h Volume

594.775M ADA

US Producer Price Index

Bureau of Labor Statistics

9th November, 2021, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	2.31	2.31	2.29	2.30	-0.43%	0.87%	1.164M ADA
During	2.30	2.31	2.30	2.30	0.00%	0.43%	528,145 ADA

5 Minutes
Before	2.29	2.31	2.29	2.30	0.43%	0.87%	2.736M ADA
During	2.30	2.31	2.29	2.30	0.00%	0.87%	1.767M ADA

10 Minutes
Before	2.29	2.31	2.29	2.30	0.43%	0.87%	3.678M ADA
During	2.30	2.32	2.29	2.31	0.43%	1.29%	4.115M ADA

15 Minutes
Before	2.28	2.31	2.28	2.30	0.87%	1.30%	5.073M ADA
During	2.30	2.32	2.29	2.32	0.86%	1.29%	6.445M ADA

30 Minutes
Before	2.28	2.31	2.28	2.30	0.87%	1.30%	8.809M ADA
During	2.30	2.33	2.29	2.32	0.86%	1.72%	13.517M ADA

1 Hour
Before	2.28	2.31	2.27	2.30	0.87%	1.73%	17.386M ADA
During	2.30	2.37	2.29	2.35	2.13%	3.38%	43.36M ADA

2 Hours
Before	2.32	2.33	2.26	2.30	-0.87%	3.00%	53.021M ADA
During	2.30	2.38	2.27	2.30	0.00%	4.62%	92.75M ADA

4 Hours
Before	2.28	2.34	2.25	2.30	0.87%	3.85%	110.561M ADA
During	2.30	2.38	2.22	2.26	-1.77%	6.72%	166.57M ADA

6 Hours
Before	2.21	2.34	2.21	2.30	3.91%	5.56%	200.983M ADA
During	2.30	2.38	2.22	2.29	-0.44%	6.72%	216.342M ADA

8 Hours
Before	2.12	2.30	2.11	2.28	7.02%	8.26%	170.522M ADA
During	2.28	2.38	2.22	2.26	-0.88%	6.72%	277.131M ADA

12 Hours
Before	2.12	2.34	2.11	2.30	7.83%	9.83%	281.083M ADA
During	2.30	2.38	2.22	2.25	-2.22%	6.72%	313.692M ADA