ADA Volatility Analysis for PPI, 10th September 2021

Data Analysis

The data released by Bureau of Labor Statistics for Producer Price Index on 10th September, 2021 has come in at a decrease to 0.9% for August 2021. Compared to the previous release for July 2021 at 1.0%, we can see that prices & inflation is still increasing but slowed 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 47.404M ADA with prices swinging between 2.4200 and 2.5200, representing a swing of 3.97%. Subsequently, the trading volume increased significantly by 164% to 125.044M ADA. Price action ranged from a low of 2.2700 to a high of 2.4800, a significant difference of 8.47%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 2.604M ADA in trading volume was observed prior to the data release. Prices ranged between a low of 2.4600 to a high of 2.4800, a 0.81% change. Immediately following, trading volume decreased by 40% to 1.566M ADA. At this time, Cardano hit a low of 2.4600 with a high of 2.4800, a change of 0.81%.

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

2.5200

2.4000

24h Change

-0.12 (-5.00%)

24h High

2.5900

24h Low

2.2700

24h Volume

324.164M ADA

US Producer Price Index

Bureau of Labor Statistics

10th September, 2021, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	2.47	2.47	2.47	2.47	0.00%	0.00%	108,284 ADA
During	2.47	2.47	2.46	2.46	-0.41%	0.40%	89,325 ADA

5 Minutes
Before	2.47	2.48	2.47	2.47	0.00%	0.40%	522,464 ADA
During	2.47	2.47	2.46	2.47	0.00%	0.40%	642,355 ADA

10 Minutes
Before	2.47	2.48	2.47	2.47	0.00%	0.40%	1.472M ADA
During	2.47	2.48	2.46	2.47	0.00%	0.81%	1.09M ADA

15 Minutes
Before	2.47	2.48	2.46	2.47	0.00%	0.81%	2.604M ADA
During	2.47	2.48	2.46	2.48	0.40%	0.81%	1.566M ADA

30 Minutes
Before	2.49	2.49	2.46	2.47	-0.81%	1.20%	4.395M ADA
During	2.47	2.48	2.46	2.46	-0.41%	0.81%	3.551M ADA

1 Hour
Before	2.47	2.49	2.46	2.47	0.00%	1.20%	8.023M ADA
During	2.47	2.48	2.41	2.44	-1.23%	2.82%	13.67M ADA

2 Hours
Before	2.48	2.52	2.46	2.47	-0.40%	2.38%	20.993M ADA
During	2.47	2.48	2.34	2.36	-4.66%	5.65%	46.067M ADA

4 Hours
Before	2.47	2.52	2.42	2.47	0.00%	3.97%	47.404M ADA
During	2.47	2.48	2.27	2.39	-3.35%	8.47%	125.044M ADA

6 Hours
Before	2.54	2.55	2.42	2.47	-2.83%	5.10%	81.686M ADA
During	2.47	2.48	2.27	2.43	-1.65%	8.47%	141.267M ADA

8 Hours
Before	2.52	2.59	2.44	2.47	-2.02%	5.79%	77.714M ADA
During	2.47	2.52	2.27	2.39	-3.35%	9.92%	172.448M ADA

12 Hours
Before	2.52	2.59	2.42	2.47	-2.02%	6.56%	125.118M ADA
During	2.47	2.48	2.27	2.40	-2.92%	8.47%	199.046M ADA