ADA Volatility Analysis for PPI, 14th November 2024

Data Analysis

The data released by Bureau of Labor Statistics for Producer Price Index on 14th November, 2024 has come in at an increase to 0.3% for October 2024. Compared to the previous release for September 2024 at 0.3%, 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 47.395M ADA with prices swinging between 0.5565 and 0.5820, representing a swing of 4.38%. Subsequently, the trading volume increased considerably by 77% to 84.037M ADA. Price action ranged from a low of 0.5417 to a high of 0.5734, a difference of 5.53%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 2.874M ADA in trading volume was observed prior to the data release. Prices ranged between a low of 0.5670 to a high of 0.5704, a 0.60% change. Immediately following, trading volume increased considerably by 57% to 4.523M ADA. At this time, Cardano hit a low of 0.5648 with a high of 0.5715, a significant change of 1.17%.

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

0.5699

0.5802

24h Change

0.0103 (1.78%)

24h High

0.6000

24h Low

0.5417

24h Volume

373.938M ADA

US Producer Price Index

Bureau of Labor Statistics

14th November, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.5674	0.568	0.567	0.5676	0.04%	0.18%	503,263 ADA
During	0.5677	0.568	0.5648	0.5677	0.00%	0.56%	471,834 ADA

5 Minutes
Before	0.5677	0.5693	0.567	0.5676	-0.02%	0.40%	1.186M ADA
During	0.5677	0.5689	0.5648	0.5673	-0.07%	0.72%	1.557M ADA

10 Minutes
Before	0.5683	0.5693	0.567	0.5676	-0.12%	0.40%	2.266M ADA
During	0.5677	0.5691	0.5648	0.5666	-0.19%	0.76%	3.44M ADA

15 Minutes
Before	0.5702	0.5704	0.567	0.5676	-0.46%	0.60%	2.874M ADA
During	0.5677	0.5715	0.5648	0.5693	0.28%	1.17%	4.523M ADA

30 Minutes
Before	0.5672	0.5723	0.5668	0.5676	0.07%	0.96%	6.052M ADA
During	0.5677	0.5715	0.561	0.5624	-0.94%	1.84%	8.323M ADA

1 Hour
Before	0.5677	0.5723	0.5649	0.5676	-0.02%	1.29%	10.09M ADA
During	0.5677	0.5715	0.561	0.5682	0.09%	1.84%	13.17M ADA

2 Hours
Before	0.5646	0.5723	0.5593	0.5676	0.53%	2.27%	21.519M ADA
During	0.5677	0.5734	0.5417	0.5497	-3.27%	5.53%	57.041M ADA

4 Hours
Before	0.5787	0.582	0.5565	0.5676	-1.96%	4.38%	47.395M ADA
During	0.5677	0.5734	0.5417	0.5549	-2.31%	5.53%	84.037M ADA

6 Hours
Before	0.5729	0.5834	0.5565	0.5676	-0.93%	4.61%	65.628M ADA
During	0.5677	0.5734	0.5417	0.5597	-1.43%	5.53%	103.884M ADA

8 Hours
Before	0.5699	0.597	0.5635	0.5788	1.54%	5.61%	84.836M ADA
During	0.5787	0.582	0.5417	0.5549	-4.29%	6.92%	131.432M ADA

12 Hours
Before	0.5699	0.597	0.5565	0.5676	-0.41%	6.78%	132.231M ADA
During	0.5677	0.60	0.5417	0.5802	2.15%	9.72%	241.707M ADA