Data Analysis
The data released by Bureau of Labor Statistics for Producer Price Index on 14th December, 2021 has come in at an increase to 1.1% for November 2021. Compared to the previous release for October 2021 at 0.6%, 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 37.171M ADA with prices swinging between 1.2200 and 1.2700, representing a swing of 3.94%. Subsequently, the trading volume decreased by 29% to 26.433M ADA. Price action ranged from a low of 1.2200 to a high of 1.2500, a difference of 2.40%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 2.857M ADA in trading volume was observed prior to the data release. Prices ranged between a low of 1.2400 to a high of 1.2600, a 1.59% change. Immediately following, trading volume decreased by 14% to 2.448M ADA. At this time, Cardano hit a low of 1.2300 with a high of 1.2500, a change of 1.60%.
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
1.2200Close
1.260024h Change
0.04 (3.17%)24h High
1.280024h Low
1.200024h Volume
172.266M ADAUS Producer Price Index
Bureau of Labor Statistics
14th December, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1.24 | 1.25 | 1.24 | 1.25 | 0.80% | 0.80% | 190,802 ADA |
| During | 1.25 | 1.25 | 1.24 | 1.24 | -0.81% | 0.80% | 336,314 ADA |
| 5 Minutes | |||||||
| Before | 1.24 | 1.25 | 1.24 | 1.25 | 0.80% | 0.80% | 1.008M ADA |
| During | 1.25 | 1.25 | 1.24 | 1.24 | -0.81% | 0.80% | 1.103M ADA |
| 10 Minutes | |||||||
| Before | 1.25 | 1.25 | 1.24 | 1.25 | 0.00% | 0.80% | 1.877M ADA |
| During | 1.25 | 1.25 | 1.23 | 1.23 | -1.63% | 1.60% | 1.751M ADA |
| 15 Minutes | |||||||
| Before | 1.25 | 1.26 | 1.24 | 1.25 | 0.00% | 1.59% | 2.857M ADA |
| During | 1.25 | 1.25 | 1.23 | 1.23 | -1.63% | 1.60% | 2.448M ADA |
| 30 Minutes | |||||||
| Before | 1.25 | 1.26 | 1.24 | 1.25 | 0.00% | 1.59% | 4.117M ADA |
| During | 1.25 | 1.25 | 1.23 | 1.24 | -0.81% | 1.60% | 3.956M ADA |
| 1 Hour | |||||||
| Before | 1.26 | 1.26 | 1.24 | 1.25 | -0.80% | 1.59% | 10.316M ADA |
| During | 1.25 | 1.25 | 1.22 | 1.22 | -2.46% | 2.40% | 7.808M ADA |
| 2 Hours | |||||||
| Before | 1.24 | 1.27 | 1.24 | 1.25 | 0.80% | 2.36% | 23.568M ADA |
| During | 1.25 | 1.25 | 1.22 | 1.25 | 0.00% | 2.40% | 13.894M ADA |
| 4 Hours | |||||||
| Before | 1.24 | 1.27 | 1.22 | 1.25 | 0.80% | 3.94% | 37.171M ADA |
| During | 1.25 | 1.25 | 1.22 | 1.24 | -0.81% | 2.40% | 26.433M ADA |
| 6 Hours | |||||||
| Before | 1.22 | 1.27 | 1.22 | 1.25 | 2.40% | 3.94% | 51.521M ADA |
| During | 1.25 | 1.25 | 1.21 | 1.24 | -0.81% | 3.20% | 39.863M ADA |
| 8 Hours | |||||||
| Before | 1.22 | 1.25 | 1.20 | 1.24 | 1.61% | 4.00% | 56.785M ADA |
| During | 1.24 | 1.27 | 1.22 | 1.24 | 0.00% | 3.94% | 63.605M ADA |
| 12 Hours | |||||||
| Before | 1.22 | 1.27 | 1.20 | 1.25 | 2.40% | 5.51% | 93.957M ADA |
| During | 1.25 | 1.28 | 1.21 | 1.26 | 0.79% | 5.47% | 78.31M ADA |
